NTUC FAIRPRICE was founded by the labour movement in 1973, with a social mission to moderate the cost of living in Singapore. The name 'FairPrice' was coined to reflect its mission of providing quality groceries at good value. Today, it continues to hold true to its name in part through FairPrice housebrand products that offer this same proposition.
FairPrice is also committed to promoting and adopting sustainable practices. As part of its sustainability efforts, FairPrice housebrand cooking oils that contain palm oil are sourced from Roundtable on Sustainable Palm Oil (RSPO) Certified sources. RSPO is a global multi-stakeholder initiative that aims to promote the production and use of sustainable palm oil. FairPrice is the first locallyowned supermarket retailer in Southeast Asia to attain RSPO membership in 2018.
In addition, it proactively reformulated all its housebrand processed food products ahead of the national initiative to ban partially hydrogenated oils (PHOs) in food products by June 2021. All its housebrand food products are now PHOs-free. With this initiative, FairPrice looks forward to creating a healthier environment for Singaporeans.
FairPrice offers a variety of high-quality cooking oils that are trans fats-free, including healthier choice options like Sunflower Olive and Mixed Nut oil, Canola oil and Soya Bean oil. Premium variants of olive oil, including extra light, extra virgin and organic extra virgin varieties, are also available. Through constantly reviewing and enhancing the range of housebrand products to cater to the needs of customers, FairPrice strives to promote healthy eating and making increasingly available healthier products. All FairPrice housebrand oils are also subject to FairPrice's extensive food safety and quality assurance programme.