Source: Cooperatives Working Together
Cooperatives Working Together (CWT) accepted 11 requests for export assistance from Foremost Farms, Darigold, and Dairy Farmers of America to sell a total of 825 metric tons (1.8 million pounds) of Cheddar cheese and Monterey Jack cheese to customers in South America, the Middle East, and Asia. The product will be delivered November 2010 through December 2011.
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 30,169 metric tons (66.5 million pounds) to 25 countries on four continents. In addition, sales of butter and anhydrous milkfat totaling 14,968 metric tons (33.0 million pounds) have been made to nine countries on three continents. Nearly 50% of the product will be delivered between now and April 2011.
Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term and long-term by helping member cooperatives 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.
Cooperatives Working Together (CWT) is being funded by dairy cooperatives and individual dairy farmers, who are contributing 10 cents per hundredweight assessment on their milk production through December 2010. The money raised by CWT’s investment is being apportioned between two supply management programs that strengthen and stabilize the national all milk price. For more on CWT’s activities, visit www.cwt.coop.
