Supermarket chains have begun rationing rice as the effects of rising prices and supply disruptions take hold. The FT reported that Netto had been restricting sales of large bags of rice to one per person in all stores in recent weeks. Staff at Tesco's Hamilton store in Leicester limited customers to two packs per person last Friday .

Gordon Brown plans to draw up policies to protect Britain from a food crisis, The Guardian claimed. The paper said the Cabinet Office had won a battle with the Treasury and Defra for an interventionist policy to ensure the nation had sufficient food security to ride out a global shortage of food and water.

Tesco has agreed to buy out The Royal Bank of Scotland's share of their Tesco Personal Finance joint venture in a deal estimated to be worth close to £1bn. Tesco made an informal offer for RBS's 50% stake several weeks ago and although the bank initially rebuffed the approach, The Times said talks had begun last month and a deal had been agreed in principle.

Sales of 'brain foods' such as walnuts and linseed are soaring as parents stock up on products for the exam season, The Independent reported. The paper quoted figures from a Mintel report showing that while consumer spending had slowed, sales of healthy snacks were up 14%. Julian Graves reported sales of walnuts had increased 23%, linseed 15% and sunflower seeds 19%, it added.

Shoppers should reject food products that claim to lower cholesterol as there is no evidence they work, The Telegraph reported. According to the paper, the National Institute for Health and Clinical Excellence said doctors should not recommend patients at risk of heart attacks or strokes use the foods to lower their cholesterol, and should instead prescribe statins, drugs proven to reduce the risk of cardiovascular disease.