Cooperatives Working Together (CWT) accepted two requests from members for assistance in selling butter to customers in Europe and North Africa. The products will be delivered in September and October 2010. Land O’Lakes will receive assistance in exporting 36 metric tons (79,000 pounds) of butter and CDI/Challenge will be assisted in exporting 96 metric tons (212,000 pounds) of butter.
Since CWT reactivated the Export Assistance program in March 18, 2010, it has assisted members in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 19,019 metric tons (41.9 million pounds) to 23 countries on four continents. In addition, sales of butter and anhydrous milkfat totaling 13,575 metric tons (29.9 million pounds) have been made to nine countries on three continents.
Assisting CWT members through the Export Assistance Program positively impacts producer milk prices in the short-term and in the long-term by helping member cooperatives to gain and maintain market share thus expanding the demand for U.S. dairy products.
CWT will pay export bonuses to the bidders, only when delivery of the product is verified by the submission of the required documentation.
Source: Cooperatives Working Together (CWT)