Source: Cooperatives Working Together press release
Cooperatives Working Together (CWT) accepted six requests from members for assistance in selling cheese and butter to customers in Europe, the Middle East, and North Africa. The products will be delivered September 2010 through February 2011.
Dairy Farmers of America will receive help in exporting 240,300 pounds of cheese. Darigold had one request accepted for 110,200 pounds of butter, CDI/Challenge had two requests accepted for 2.5 million pounds of butter, and Land O’Lakes had one request for 555,600 pounds of butter and one request for 123,500 pounds of cheese accepted by CWT.
Since CWT reactivated the Export Assistance program in March 18, 2010, it has assisted members in making export sales of Cheddar, Monterey Jack, and Gouda cheese totaling 19,019 metric tons (41.9 million pounds) to 23 countries on four continents. In addition, sales of butter and anhydrous milkfat totaling 14,886 metric tons (32.8 million pounds) have been made to eleven countries on three continents.
Assisting CWT members through the Export Assistance Program positively impacts producer milk prices in the short-term and long-term by helping member cooperatives to 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.
Cooperatives Working Together (CWT) is being funded by dairy cooperatives and individual dairy farmers, who are contributing 10 cents per hundredweight assessment on their milk production through December 2010. The money raised by CWT’s investment is being apportioned between two supply management programs that strengthen and stabilize the national all milk price. For more on CWT’s activities, visit www.cwt.coop