Source: Cooperatives Working Together
Cooperatives Working Together (CWT) accepted six requests for export assistance from Dairy Farmers of America and Bongards Creamery to sell a total of 1,128 metric tons (2.487 million pounds) of Cheddar cheese to customers in the Middle East, North Africa and Central America. The product will be delivered July through November.
In 2011, CWT has assisted members in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 22,024 metric tons (48.6 million pounds) to 20 countries on four continents.
Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by reducing inventories that overhang the market and depress cheese prices. In the long-term, CWT’s Export Assistance program helps 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.
The Cooperatives Working Together (CWT) Export Assistance program is funded by voluntary contributions from dairy cooperatives and individual dairy farmers. The money raised by their investment is being used to strengthen and stabilize the dairy farmers’ milk prices and margins. For more information about CWT, visit www.cwt.coop.
