CWT accepts six export assistance bids

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Cooperatives Working Together announced that it accepted six export assistance bids last week for the sale of cheese and anhydrous milkfat. All the bids were from Dairy Farmers of America, Kansas City, Mo. Bid details are as follows:

  • 1.3 million pounds (600 metric tons) of anhydrous milkfat to Indonesia.
  • 246,400 pounds (112 metric tons) of Cheddar cheese to Morocco.
  • 79,200 pounds (36 metric tons) of Monterey Jack cheese to Japan.
  • 41,800 pounds (19 metric tons) of Mozzarella cheese to the Dominican Republic.
  • 41,800 pounds (19 metric tons) of Cheddar cheese to South Korea.
  • 33,000 pounds (15 metric tons) of Mozzarella cheese to Israel.

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

These accepted bids increase CWT’s total 2007 export obligations for cheese to 6.7 million pounds (3,027 metric tons), its YTD anhydrous milkfat exports to 1.4 million pounds (657 tons), and its YTD export obligations for butter to 4.6 million pounds (2,086 metric tons).

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