News and Press

CWT Assists with 2.4 Million Pounds of Dairy Product Export Sales

ARLINGTON, VA – Cooperatives Working Together (CWT) member cooperatives accepted seven offers of export assistance from CWT that helped them capture sales contracts for 191,802 pounds (87 metric tons) of Cheddar, 83,776 pounds (38 metric tons) of butter, and 2.094 million pounds (950 metric tons) of whole milk powder. The product is going to customers in Asia, Central and South America, and North Africa. The products will be delivered from April through August 2020.

CWT-assisted member cooperative export sales contracts for 2020 total 16.076 million pounds of American-type cheeses, 4.268 million pounds of butter (82% milkfat), 1.960 million pounds of anhydrous milkfat, 2.439 million pounds of cream cheese and 16.338 million pounds of whole milk powder. The product is going to 24 countries in six regions. These sales are the equivalent of 436 million pounds of milk on a milkfat basis. Numbers vary from previous reports due to cancellations.

Assisting CWT members in moving dairy products overseas through the Export Assistance program is critical during the challenging times U.S. dairy farmers and cooperatives are facing. The Export Assistance program helps in strengthening and maintaining the value of dairy products that directly impact producers’ milk price. The program is helping member cooperatives grow and maintain world market share for U.S dairy products and is a significant factor in maintaining the total demand for U.S. dairy products and the demand for U.S. farm milk.

Dairy product and related milk volume amounts reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to bidders only when export and delivery of the product is verified by required documentation.

All dairy farmers and dairy cooperatives should invest in CWT. Membership information is available on the CWT website.

 

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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