CWT Assists with 5.7 Million Pounds of Cheese Export Sales
Cooperatives Working Together (CWT) accepted 10 requests for export assistance from Darigold and Dairy Farmers of America to sell a total of 2,579 metric tons (5.686 million pounds) of Cheddar, Gouda, and Monterey Jack cheese to customers in Asia, South America, and the Middle East. The product will be delivered June through November.
In 2011, CWT has assisted members in making export sales of Cheddar, Monterey Jack, and Gouda cheese totaling 17,756 metric tons (39.1 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.
