Cooperatives Working Together (CWT) has accepted 15 requests for export assistance from member cooperatives that have contracts to sell 2.335 million pounds (1,059 metric tons) of Cheddar and Monterey Jack cheeses to customers in Asia, the Middle East and Oceania. The product has been contracted for delivery in the period from April through July 2017.
So far this year, CWT has assisted member cooperatives who have contracts to sell 28.432 million pounds of American-type cheeses, and 1.427 million pounds of butter (82% milkfat) to 12 countries on four continents. The sales are the equivalent of 294.464 million pounds of milk on a milkfat basis.
Assisting CWT members through the Export Assistance program in the long term helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the U.S. farm milk that produces them. This, in turn, positively affects all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT will pay export assistance to the bidders only when export and delivery of the product is verified by the submission of the required documentation.