CWT Assists with 3.9 Million Pounds of Dairy Product Export Sales

 

Cooperatives Working Together (CWT) member cooperatives accepted 14 offers of export assistance from CWT that helped them capture sales contracts for 3.2 million pounds (1,466 MT) of American-type cheese and 697,000 pounds (316 MT) of cream cheese. The product is going to customers in Asia and Oceania and will be delivered from March through August 2022.

CWT-assisted member cooperative year-to-date export sales total 29.9 million pounds of American-type cheeses, 14.1 million pounds of whole milk powder, and 3.1 million pounds of cream cheese. The products are going to 16 countries in five regions. These sales are the equivalent of 403 million pounds of milk on a milkfat basis. Over the last 12 months, CWT-assisted sales are the equivalent of 1.482 billion pounds of milk on a milkfat basis.

Assisting CWT members through the Export Assistance program positively affects all U.S. dairy farmers and dairy cooperatives by strengthening and maintaining the value of dairy products that directly impact their milk price. It does this by helping member cooperatives gain and maintain world market share for U.S dairy products. As a result, the program has significantly expanded the total demand for U.S. dairy products and the demand for U.S. farm milk that produces those products.

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