Prices of vegetables at NTUC Fairprice to remain stable

By Sharon Tong, Channel NewsAsia
Posted: 26 January 2007 1840 hrs

SINGAPORE: The price of vegetables sold in supermarket chain, NTUC Fairprice, will remain stable even as some retailers are increasing prices following floods in Malaysia.

NTUC Fairprice says it is able to do so as it imports vegetables from diverse sources.

Since the start of the rainy season, the supermarket chain has been bumping up its import of vegetables from other sources such as China, Australia, Vietnam and Thailand to meet demand.

During the SARS crisis in 2003, NTUC Fairprice had brought in more vegetables when the Pasir Panjang Wholsesale Market was closed.

It imposed a $10 limit on the purchase of vegetables to prevent traders from buying up all the stock.

This time, Fairprice says it does not see the need to set any limits but it will take action to stop traders from buying in bulk. - CNA /dt