Cooperatives Working Together has accepted four requests for export assistance from DFA and Darigold to sell 2.646 million pounds of Cheddar cheese and 220,462 pounds of butter to customers in Asia and the Middle East. The product will be delivered July through December 2012.
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 64.1 million pounds and butter and AMF totaling 45.2 million pounds to 32 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 1.577 billion pounds, or the same as the annual milk production of 75,100 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 and butter prices. 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 bonuses to the bidders only when delivery of the product is verified by the submission of the required documentation.
The Cooperatives Working Together Export Assistance program is funded by voluntary contributions from dairy cooperatives and individual dairy farmers.