Whatever the faults of NTUC, every time I visit Cold Storage, I am grateful that NTUC Fairprice is so successful in Singapore.
Whilst prices in Fairprice may not be the cheapest, one can be fairly sure that the goods are reasonable value for money. Their basic items such as rice and sugar are about the cheapest anywhere.
And annually, all members of the Cooperative recieve generous rebates, and today, there is the Link Points system as well.
Fairprice began in the 70s at a time when there was an acute rice shortage in Singapore and the price of rice skyrocketed overnight. There was panic until NTUC Co-op (as it was then called) was hastily formed. The result was an immediate return to saner prices.
I am not a union member, but will always remain a loyal supporter of Fairprice.
