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USDA ANNOUNCES NEW BONUSES FOR EXPORTS OF BUTTERFAT UNDER DAIRY EXPORT INCENTIVE PROGRAM

WASHINGTON, June 22, 2009 – The U.S. Department of Agriculture today announced Commodity Credit Corporation (CCC) bonuses per metric ton on eligible sales of butterfat under the Dairy Export Incentive Program (DEIP) Invitation GSM-511A-59, issued May 22, 2009. This announcement supersedes Press Release number PR 0083-09, issued June 8, 2009.

The announced bonuses are as follows:

Butter $850.00 per metric ton
Anhydrous Milkfat, Butteroil, Ghee $1050.00 per metric ton

These new bonuses are available for up to 5,000 metric tons of butterfat on a butter equivalent basis.

The applicable sales contract must call for a delivery period that expires 120 days or less from the date of application for these bonuses.

Exporters may apply for this announced bonus on a first-come, first-served basis. Applications will be considered beginning at the following time:

Beginning time: 9:00 a.m. Eastern Time
Beginning date: June 23, 2009

The exporter’s application for the announced CCC bonus must be made in accordance with 7 CFR 1494.501(c). As specified in the invitation, offers based on sales contracts dated prior to the issue date of the invitations are ineligible for consideration. This announcement will remain in effect until the total quantity of the eligible commodity announced in this release has been awarded, the invitation has expired, or this announcement is withdrawn or superseded by the CCC.

Information about the DEIP, including Invitations for Offers, is available on the Internet at http://www.fas.usda.gov/excredits/deip/deip-new.asp or by calling the Credit Programs Division, Office of Trade Programs, Foreign Agricultural Service, at (202) 720-3224 or (202) 720-6211.

FAS news releases are available on the Internet at http://www.fas.usda.gov 

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PR 0094-09



 
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