Year-to-date, CWT has assisted member cooperatives in selling 30,734 tonnes (67.757 million pounds) of cheese, 24,215 tonnes (53.385 million pounds) of butter, 20,000 tonnes (44,092 pounds) of anhydrous milk fat and 99 tonnes (218,258 pounds) of whole milk powder to 32 countries on six continents. These sales are the equivalent of 1.790 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.