CWT Assists with 2 million Pounds of Cheese Export Sales
Cooperatives Working Together (CWT) has accepted 11 requests for export assistance from cooperatives that captured contracts to sell 2.017 million pounds (915 metric tons) of Cheddar and Gouda cheese to customers in Asia, Central America and the Middle East. The product has been contracted for delivery in the period from March through June 2018.
CWT-assisted member cooperative 2018 export sales total 29.146 million pounds of American-type cheeses, and 5.613 million pounds of butter (82% milkfat) to 20 countries on five continents. These sales are the equivalent of 395.464 million pounds of milk on a milkfat basis.
Assisting CWT members through the Export Assistance program in the long term helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the U.S. farm milk that produces them. This, in turn, positively affects all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT will pay export assistance to the bidders only when export and delivery of the product is verified by the submission of the required documentation.