[sgbuffett]

The food situation is not improving anytime soon. Just saw reports of increased starvation in some poor countries.

As part of my stocking up decided to buy canned  sardines. These  be eaten for breakfast.

I checked NTUC. They sold 4 cans for $6 or $1.50 per can...155g per can



I dropped by value dollar shop I found the same sardine for 80cts so I purchased 20 cans since they are almost 50% cheaper than NTUC. 

When I got home, I examined the cans and saw this.


The 555 sardines are canned in Philippines.

I did a further check and found that it retais for 17.25 pesos in Philippines - this is 45cts(Singapore)

In summary
NTUC - $1.50
Value$ - 80cts
In Phillipines - 45cts.(retail price)

When purchased from wholesaler, should be.muxh cheaper than 45cts.

Value$ ships it over and sells at roughly half the price of NTUC and stills makes a profit.

NTUC. "Fair price" is selling us at more than triple the retail price in Philippines.