CWT Assists with 7.1 Million Pounds of Cheese, Butter and Whole Milk Powder Export Sales
ARLINGTON, VA – Cooperatives Working Together (CWT) member cooperatives accepted offers of export assistance from CWT that helped them capture contracts to sell 381,400 pounds (173 metric tons) of Cheddar cheese, 104,720 pounds (48 metric tons) of butter and 6.614 million pounds (3,000 metric tons) of whole milk powder, to customers in Asia, Central America, and Europe. The product has been contracted for delivery in the period from June through October 2018.
CWT-assisted member cooperative 2018 export sales total 35.157 million pounds of American-type cheeses, 10.698 million pounds of butter (82% milkfat) and 7.538 million pounds of whole milk powder to 25 countries on five continents. These sales are the equivalent of 620.228 million pounds of milk on a milkfat basis.
This activity reflects CWT management beginning the process of implementing the strategic plan reviewed by the CWT Committee in March. The changes will enhance the effectiveness of the program and facilitate member export opportunities.
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.