From Mikhail Raj Abdullah SHANGHAI, May 25 (Bernama) -- Malaysian-owned Nelson's food franchise, popular for its fresh "corn on cup" food product, is targeting a revenue of RM12 million annually from its eventual deal to supply sweet corn to a Chinese company to manufacture ice cream. From Mikhail Raj Abdullah SHANGHAI, May 25 (Bernama) -- Malaysian-owned Nelson's food franchise, popular for its fresh "corn on cup" food product, is targeting a revenue of RM12 million annually from its...

With the oil price back above $70 a barrel, biofuel looks increasingly attractive, and as more corn is grown to fill fuel tanks, the prices of other food crops are also being pushed up. Americas thirst for environmentally friendly biofuels is driving up food prices around the world as farmers scramble to devote more land to corn. kelmerMay 27th, 2007 2:29 pm The meat industry is a global plague anyway(pollution, wildlife destruction, unhealthy, you name it)the real issue comes down to the...

Still, some experts warn that the price has nowhere to go but down if the market is flooded, and not everyone has forgotten how prices wilted after a massive grain deal with the Soviet Union in the early 1970s and the 1996 drought in China shot corn prices to record highs. Editor's note: This is Part 2 in an Associated Press series on ethanol, whose fortunes as a gasoline additive have risen and fallen with the price of oil, and is now in the middle of a boom. After hovering around $2 a...

But the technological hurdles and costs have been so daunting that most ethanol producers instead relied on heavy government subsidies to squeeze fuel from corn. Senate last week would entice farmers located near ethanol biorefineries to grow dedicated energy crops. Department of Agriculture would determine the likelihood of construction of a future biorefinery, the local potential for feedstock production, the number of interested farmers and a biorefinery's economic impact. Department of...

Beef and poultry prices would also increase since the animals mainly feed on grain corn. It's the main ingredient for the environmentally friendly fuel ethanol which is being used more this year because of government regulations. Ethanol is helping raise the cost of gas, that in turn means businesses pay more for deliveries. Products that contain corn syrup like ketchup will also cost you more. Last month grocery bills rose almost 4% to the highest its been in years. First Gas Prices, Now...