The price we pay for dairy products in this country is governed by the international price paid for our exports.

This is what we are told.

The price of dairy products paid on the world market has fallen between 25 per cent to 40 per cent since the start of the year.

I have not noticed any price reductions in our supermarkets.

The price we pay bears no relationship to the costs of production and distribution.

In my opinion, Fonterra is holding us all to ransom - to help pay for it's fines and capital expenditure overseas.

In Finland they have a cheese mountain because Russia has stopped importing their cheese - a retaliation for the EU sanctions.

The price of cheese in Finland has halved and the happy Fins are now calling it ‘Putin' cheese.

It seems we only have ratchet dairy prices - they go up, but are incapable of coming down.

No wonder the Chinese want to buy our dairy farms.

P Dolden, Papamoa.