Source: Cooperatives Working Together
Cooperatives Working Together (CWT) has accepted 8 requests for export assistance from Dairy Farmers of America and Tillamook County Creamery Association to sell 1.645 million pounds (746 metric tons) of Cheddar cheese, and 2.222 million pounds (1008 metric tons) of whole milk powder to customers in North Africa, Central and South America. The product will be delivered July 2014 through January 2015.
Year-to-date, CWT has assisted member cooperatives in selling 78.313 million pounds of cheese, 47.995 million pounds of butter and 18.290 million pounds of whole milk powder to 42 countries on six continents. These sales are the equivalent of 1.936 billion pounds of milk on a milkfat basis. The year-to-date sums have been adjusted for cancellations.
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 in the rapidly growing world dairy markets. This, in turn, positively impacts U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
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.