CWT Assists with 2.9 Million Pounds of Export Sales

February 12, 2013 07:28 AM
 

Source: Cooperatives Working Together

Cooperatives Working Together (CWT) has accepted 18 requests for export assistance from Bongards Creameries, Dairy Farmers of America, Northwest Dairy Association (Darigold), Maryland & Virginia Milk Producers Cooperative Association, United Dairymen of Arizona and Upstate Niagara/O-AT-KA to sell 2.344 million pounds (1,063 metric tons) of Cheddar and Monterey Jack cheese and 524,700 pounds (238 metric tons) of butter to customers in Asia, the Middle East, and North Africa. The product will be delivered February through July 2013.

Year-to-date, CWT has assisted member cooperatives in selling 21.656 million pounds of cheese, 10.285 million pounds of butter and 88,185 pounds of whole milk powder to 24 countries on six continents. These sales are the equivalent of 424 million pounds of milk on a milkfat basis. That is the annual production of 20,100 cows.

Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by helping to maintain inventories of cheese and butter at desirable levels. 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 and the farm milk that produces them.

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.

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