Source: Cooperatives Working Together
Cooperatives Working Together (CWT) has accepted nine requests for export assistance from Maryland & Virginia Milk Producers Cooperative Association and Northwest Dairy Association (Darigold) to sell 3.296 million pounds (1,495 metric tons) of Cheddar, Gouda and Monterey Jack cheese and 493,284 pounds (224 metric tons) of butter to customers in Asia and Europe. The product will be delivered August 2013 through February 2014.
Year-to-date, CWT has assisted member cooperatives in selling 85.237 million pounds of cheese, 65.440 million pounds of butter, 44,092 pounds of anhydrous milk fat and 218,258 pounds of whole milk powder to 35 countries on six continents. These sales are the equivalent of 2.260 billion pounds of milk on a milkfat basis.
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 assistance 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.