Working with camera RAW photos : Converting RAW photos to another file format
 
Converting RAW photos to another file format
The RAW file format is read-only and the settings for a RAW file are stored as a separate header. It is these settings that you can adjust in the Camera RAW Lab. However, to use the editing features in the Adjust and Edit workspaces, you need save the RAW file to a different file format, such as JPEG, TIFF, or the native format, .pspimage. To quickly convert the file, you can use Convert RAW.
To convert a RAW file to another file type
Edit workspace 
1 In the Organizer palette, select one or more RAW file thumbnails.
2 Right-click a selected thumbnail, and click Convert RAW.
3 In the Batch Process dialog box, choose a file format from the Type drop-list.
If you want to change the default conversion settings, click Options, and adjust the settings.
4 Click Browse and choose a folder in which the converted file will be saved.
5 Click Start.
You can rename converted files by clicking Modify, choosing an option from the Rename Options list, and clicking Add.