Senior executives from the major supermarkets will meet with Chancellor Alistair Darling today to discuss rising food prices.

They will be joined by representatives from the National Farmers' Union, the British Retail Consortium and commodity traders, according to The Times.

Darling has been concerned about rising food prices and in a letter to finance ministers last week said: “Rising global food and energy prices are increasing inflationary pressures across the world economy, hitting poorer households the hardest and threatening to reverse the progress we have made over the past few years in reducing poverty.”

A Treasury spokesman declined to comment on the meeting to The Times, only saying that it was private.