March 08, 2013 at 13:21 PM EST
Think tank sees US ethanol output slump in 2012/13
WASHINGTON, March 8 (Reuters) - U.S. ethanol makers will produce 12.6 billion gallons of ethanol this marketing year, well below the federal target for use of the renewable fuel, because of high corn prices due to drought, said the influential think tank Food and Agricultural Policy Research Institute on Friday.
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