22 Dec '11, 12am

Chinese New Year cheer as FairPrice freezes Thai rice price

SINGAPORE - Prices of all NTUC FairPrice's housebrand rice from Thailand will remain unchanged until the end of February - after the Chinese New Year celebrations. Last month, amid consumer fears that floods in Thailand would result in more expensive Thai rice, the supermarket chain had announced a price freeze on Thai rice until Dec 31. FairPrice currently carries nine types of Thai housebrand rice, from basic white rice to superior Thai Hom Mali fragrant rice. Their prices have remained largely unchanged for the past 12 months, with some housebrand rice even seeing a drop in prices. For example, a 5kg bag of FairPrice Thai white rice, which cost S$6.95 in 2009, has been selling at S$6.20 since January. Similarly, a 5kg-pack FairPrice Thai Fragrant white rice cost S$7.45 in 2009 but has dropped to S$6.90 since January. NTUC FairPrice chief executive officer Seah Kian Peng...

Full article: http://www.todayonline.com/Hotnews/EDC111222-0000057/Chin...

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