Bunge-Ergon will suspend ethanol production at its Vicksburg plant by the end of November, saying high corn prices make it impossible to profitably make ethanol. Ergon spokesman Jim Temple said Bunge-Ergon would reassess market conditions and decide whether to resume operations in 2013. The Vicksburg Post reports the plant's roughly 40 employees will be laid off.
"In the current market environment, the value of the ethanol produced at (Bunge-Ergon) is not keeping pace with the cost of the corn to make it," Temple wrote in an email.
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