Updated: 12/28/2012 01:37

FairPrice extends price freeze on housebrand rice



FairPrice extends price freeze on housebrand rice

Supermarket chain NTUC FairPrice says it will continue to hold prices of all its 10 housebrand Thai and Vietnamese rice till end of March 2013. 

The announcement comes amid talks that rice-exporting nations may raise prices. 

There are also threats of natural disasters affecting rice-producing countries, FairPrice CEO, Seah Kian Peng said FairPrice was founded with the mission of moderating the cost of living for the community. 

As food makes up over 20 percent of an average household's expenses, it is important that daily essentials, like rice, are affordably priced. 

Prices of all FairPrice housebrand rice from Thailand and Vietnam have been held since November 2011.

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