Released on = March 22, 2007, 4:48 am

Press Release Author = Shushmul Maheshwari

Industry = Biotech

Press Release Summary = Rising demand for ethanol is expected to make corn-based
foods dearer in near future. But the hike is not believed to put pressure on
consumers' pocket.

Press Release Body = Rising ethanol demand is likely to take the prices of products,
from broiler chicken to soft drinks, at grocery stores northwards. However, the
change in prices may be too small for customers to notice.

The period from August 2006 to January 2007 saw the value of corn grain becoming
double due to the surge in production of more corn-based ethanol. Consequently, high
cost was suffered by foods that has corn as an ingredient or depend on it as animal
feed.

Products that are facing price hike include processed foods like ketchup (produced
from high-fructose corn syrup), soft drinks, corn-based food items, like breakfast
cereal, and corn chips, and wheat flour and soybean oil. But the largest price hike
is expected to be seen by dairy and meet items because manufacturers are being
compelled to pay much higher for corn-based feed.

Robert Wisner, Agriculture Economist, Iowa State University, said in statement
reported by The Mercury News on Feb. 26, 2007, "We\'ve seen a little of the retail
food price impact already". He projected that the consumer prices would rise
gradually over the coming few years as the ethanol industry would raise its capacity
to more than double.

In January 2007, the US Department of Agriculture predicted that if corn prices
increase by $1 per bushel, then grocery customers would see the pork prices increase
by around 3% within few years.

According to the RNCOS report "US Biotech Market Analysis", with energy crunch and
zoom in prices of gas that brewed in US in some past years, interest in the
production of alternative fuels like ethanol increased dramatically. American
cultivators improved the corn production by 39 billion pound in the first decade of
plant biotech-derived crops. This increased production is equal to 1.9 billion
gallon of ethanol.

The market research report highlights the key issues and facts for today's global
business environment, like impact of biotechnology on biofuel production, and
factors driving the growth in the industry. The report also satisfies the queries
regarding US biotech industry and provides a thorough understanding on industry
performance, bio medical, agriculture biotechnology, and clinical trials. For
investors, a complete account on M&A activity in the industry, biotech funding, and
government initiatives and regulations is given.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM0300.htm
Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com