CWT Assists with 1 Million Pounds of Cheese Exports
Source: Cooperatives Working Together
Cooperatives Working Together (CWT) has accepted 3 requests for export assistance to sell 912,714 pounds (414 metric tons) of Cheddar and Monterey Jack cheese, to customers in Asia. The product will be delivered October 2014 through January 2015.
Year-to-date, CWT has assisted member cooperatives in selling 83.456 million pounds of cheese, 48.051 million pounds of butter and 19.877 million pounds of whole milk powder to 43 countries on six continents. These sales are the equivalent of 2.062 billion pounds of milk on a milkfat basis.
CWT-assisted exports of American-type cheeses, butter and whole milk powder make up a significant percentage of the exports of those products. In the long-term, assisting CWT member cooperatives through the Export Assistance program helps them gain and maintain market share, thus expanding the demand for U.S. dairy products and the U.S. farm milk that produces them in the rapidly growing world dairy markets. This, in turn, positively impacts U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
CWT will pay export assistance 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.
