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Dairy supplies tightening in Europe

Milk production continues to decline in Europe. Dairy Market News reports as milk volumes decline, milk continues to be redirected towards products with the best returns. That has caused processors to stop making some products altogether in Europe. Although overall production this season has been decent, stocks of manufactured dairy products have been declining on indications buyers are concerned that the drought and high feed prices in the U.S. are eventually going to lead to tighter global supplies so international buyers are pulling the trigger while supplies are available.

Cooperatives Working Together (CWT) has accepted 14 requests for export assistance from Dairy Farmers of America and Foremost Farms to sell 4.581 million pounds of Cheddar and Gouda cheese to customers in Asia, the Middle East, North Africa and the South Pacific. The product will be delivered September 2012 through February 2013.

In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 78.3 million pounds, and butter and anhydrous milk fat totaling 56.4 million pounds (adjusted for cancellations), to 33 countries on four continents

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