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The Monrovia-based grocery chain confirmed Monday it had raised the individual cost of bananas for the first time in more than two decades, from 19 cents each to 23 cents, or a 21% price hike ...
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Price Rite is a chain of supermarkets found in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island.Based in Keasbey, New Jersey, Price Rite is owned by New Jersey–based Wakefern Food Corporation, the cooperative behind ShopRite Supermarkets, Dearborn Market, and The Fresh Grocer.
While banana prices are on the rise, Trader Joe’s notes, it has lowered the price of other items recently. Raw almonds are now $3.99 a pound, a $1 price reduction.
ShopRite is an American retailers' cooperative of supermarkets with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania.. Based in Keasbey, New Jersey, ShopRite consists of 50 individually owned and operated affiliates with over 300 stores, all under its corporate and distribution arm, Wakefern Food Corporation.
As prices increase and people buy what they can find, either for themselves or to donate, some people might mistake the natural supply and demand of pricing with price gouging, Ellen said.
As of 2023, Wakefern has 48 member companies who own and operate 365 supermarkets, [1] [7] [2] under the ShopRite, Price Rite Marketplace, The Fresh Grocer, Dearborn Market, Gourmet Garage, and Fairway Market brands in New Jersey, New York, Connecticut, Pennsylvania, Maryland, Delaware, Massachusetts, New Hampshire, and Rhode Island. [1] [3] [5]
The first commercial banana farm in the United States was established in Florida, near Silver Lake, in 1876. It is known that Ponce de Leon brought bananas to Florida in the early 1500’s. A number of independent banana farms and cultivars have been located in a number of areas, reaching as far north as the southern Midwest and Ohio River.