CWT helps move US dairy products abroad
Cooperatives Working Together (CWT) has accepted seven requests for export assistance from Maryland & Virginia Milk Producers Cooperative Association, Northwest Dairy Association (Darigold) and United Dairymen of Arizona to sell 1.376 million pounds (624 metric tons) of Cheddar cheese and 992,080 pounds (450 metric tons) of butter to customers in Europe, the Middle East and North Africa. The product will be delivered August 2013 through October 2013. Year-to-date, CWT has assisted member cooperatives in selling 77.054 million pounds (34,951 tonnes) of cheese, 62.264 million pounds (28243 tonnes) of butter, 44,092 (20,000 tonnes) pounds of anhydrous milk fat and 218,258 pounds (99 tonnes) of whole milk powder to 34 countries on six continents. These sales are the equivalent of 2.113 billion pounds of milk on a milkfat basis. The product is scheduled to be shipped in 2013. 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.