VICKSBURG, Miss. (AP) - Bunge-Ergon will suspend ethanol production at its Vicksburg plant by the end of November, citing high corn prices.
Ergon spokesman Jim Temple says Bunge-Ergon would reassess market conditions and decide whether to resume operations in 2013.
Geoff Cooper of the Renewable Fuels Association says more than 10% of ethanol plants nationwide are idle. But he expects the current ethanol glut to decrease by year's end.
The plant is a joint venture of the Dutch-based Bunge Group and privately-held Ergon, based in Flowood, Miss. Ergon, with $3.8 billion a year in revenues, operates refineries and other businesses.
The Vicksburg plant opened in 2008 at a cost of more than $100 million and is 1 of only five corn-to-ethanol refineries south of the Ohio River, according to Renewable Fuels Association records.
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