CWT Assist With Cheese Export Sales
US - Cooperatives Working Together (CWT) accepted six requests for export assistance from Darigold and Dairy Farmers of America to sell a total of 1,296 metric tons (2.857 million pounds) of Cheddar cheese and Monterey Jack cheese to customers in Asia and North Africa.
17 August 2011
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The product will be delivered August through December.
In 2011, CWT has assisted members in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 26,136 metric tons (60.5 million pounds) to 20 countries on four continents. That is the equivalent of 605 million pounds of milk, the annual production of 28,000 cows.
Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by reducing inventories that overhang the market and depress cheese prices.
In the long-term, CWT's Export Assistance programme helps member cooperatives gain and maintain market share, thus expanding the demand for US dairy products.
CWT will pay export bonuses to the bidders only when delivery of the product is verified by the submission of the required documentation.
