CWT accepts export assistance bids

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Cooperatives Working Together accepted two export assistance bids last week. The bids are as follows:

  • Dairy Farmers of America, Kansas City, Mo., for the export of 22,000 pounds (10 metric tons) of cheese.
  • Dairy Farmers of America, Kansas City, Mo., for the export of 1.13 million pounds (515 metric tons) of anhydrous milkfat to Mexico. 

CWT will pay an export bonus to the bidder, once completion of each shipment is verified.

Including these bids, CWT’s year-to-date cheese exports now total 8.77 million lbs. (3,988 metric tons); YTD anhydrous milkfat exports total 4.12 million lbs. (1,874 metric tons); YTD butter exports total 12.95 million lbs. (5,886 metric tons), and YTD whole milk powder exports total 4.23 million lbs. (1,924 metric tons).

Through mid-August, 2006, CWT exports add up to the equivalent of 500 million pounds of milk. Since the beginning of the program in July 2003, CWT has helped export the milk equivalent of 590 million pounds.

Previous shipments facilitated by CWT’s export assistance program have gone to Algeria, Barbados, 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, 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.

CWT

 



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