CWT accepts 12 export assistance bids

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Cooperatives Working Together announced on Monday that it accepted 12 export assistance bids last week for the sale of butter, cheese and milkfat. The breakdown of the bids are as follows:

  • Dairy Farmers of America, Kansas City, Mo; for the export of 152 metric tons (334,400 pounds) of anhydrous milkfat to Panama.
  • Dairy Farmers of America, Kansas City, Mo; for the export of 72 metric tons of mixed cheeses to Japan.
  • Land O’Lakes, Arden Hills, Minn; for the export of 0.04 metric tons (90 lbs.) of butter and 1 metric ton (2,200 lbs.) of cheese to Panama.
  • Land O’Lakes, Arden Hills, Minn; for the export of 20 metric tons (44,400 lbs.) of Mozzarella cheese and 6 metric tons (13,200 lbs.) of mixed cheese to South Korea.
  • Land O’Lakes, Arden Hills, Minn; for the export of 8 metric tons (17,600 lbs.) of mixed cheeses and .5 metric tons (1,100 lbs.) of butter to China.
  • Land O’Lakes, Arden Hills, Minn; for the export of 5 metric tons of mixed cheeses (11,000 lbs.) and .4 metric tons (880 lbs.) of butter to the Philippines.
  • Land O’Lakes, Arden Hills, Minn; for the export of 7 metric tons (15,400 lbs.) of mixed cheeses to the United Arab Emirates.
  • Land O’Lakes, Arden Hills, Minn; for the export of 0.5 metric tons (1,100 lbs.) of mixed cheeses to Egypt.

CWT will pay an export bonus to the bidders, once completion of the butter and cheese shipments is verified.

These accepted bids increase CWT’s Year to Date export obligations for cheese to 5,951 metric tons (13.1 million lbs.), its YTD butter export obligations 5,864 metric tons (12.9 million lbs.), and its YTD obligations for anhydrous milkfat are 3,999 metric tons (8.8 million lbs.), and its YTD whole milk powder export obligations are 1,758 metric tons (3.9 million lbs.). 

Previous shipments facilitated by CWT’s export assistance program have gone to Algeria, Bahrain, Barbados, China, Denmark, the Dominican Republic, Egypt, El Salvador, Germany, Guatemala, Honduras, Hong Kong, India, Indonesia, Israel, Japan, Jordan, Kuwait, Lebanon, Mexico, Morocco, the Netherlands, Nicaragua, Oman, Qatar, Panama, Philippines, Romania, Russia, Saudi Arabia, Singapore, South Korea, Taiwan, Trinidad, Tunisia, Turkey, the United Arab Emirates, and Vietnam.

Through CWT’s Export Assistance program, transactions occur as overseas buyers are found for the products, and as CWT’s members bid to be compensated for selling cheese, butter, anhydrous milk fat and whole milk powder to those importers.

Cooperatives Working Together is being funded by dairy cooperatives and individual dairy farmers, who are contributing 10 cents per hundredweight assessment on their milk production through December 2007.  The money raised by CWT’s investment is being apportioned among several supply reduction programs to improve the national all milk price. For more on CWT’s activities, visit www.cwt.coop.

Cooperatives Working Together

 



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