Cooperatives Working Together (CWT) has accepted seven requests for export assistance from a member cooperative that has a contract to sell 487.2 pounds (221 metric tons) of Cheddar cheese to customers in Asia, the Middle East and Oceania. The product has been contracted for delivery in the period from August through November 2017.
So far this year, CWT has assisted member cooperatives that have contracts to sell 47.5 million pounds of American-type cheeses and 3 million pounds of butter (82% milkfat) to 18 countries on five continents. The sales are the equivalent of 502.299 million pounds of milk on a milkfat basis.
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. This, in turn, positively affects all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT will pay export assistance to the bidders only when export and delivery of the product is verified by the submission of the required documentation.
Source: CWT
