Companies throughout the food chain are changing the way they do business in response to soaring grain costs, and consumers are bearing the brunt in the form of rising food prices.
Farmers are making the broadest cuts to their livestock herds in decades, meaning meat at the supermarket will likely cost more in coming years. Middlemen are trying to shorten the duration of supply contracts to 90 days from one year so they can pass on higher costs more quickly. And food brands are shrinking the contents of their packages, from ice-cream cartons to beverage containers.
More on this story
The size of some the UK's best-loved products has been secretly shrunk without any reduction in price, as manufacturers desperately try to claw back soaring inflationary costs.
Manufacturers have reduced the size of products including a Cadbury's chocolate bar, Kraft Foods' Dairy Lea triangles and Nestlé's Rolo, but the price of the products sold in supermarkets has remained the same.
More on this story
