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CWT Assists Two Export Sales of Butter

August 30, 2010
 
 

 

Source: Cooperatives Working Together
 
Cooperatives Working Together (CWT) accepted two requests from members
for assistance in selling butter to customers in Europe and North Africa. The products will be
delivered in September and October 2010. Land O’Lakes will receive assistance in exporting 36
metric tons (79,000 pounds) of butter and CDI/Challenge will be assisted in exporting 96 metric
tons (212,000 pounds) of butter.
 
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 13,575 metric tons (29.9 million pounds) have been made to
nine countries on three continents.
 
Assisting CWT members through the Export Assistance Program positively impacts producer
milk prices in the short-term and in the 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, click here.

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