EIA cuts 2012 ethanol production outlook

摘要

Washington—A severe drought that is decimating the US corn crop will cut ethanol production more than previously expected even as heavy rains curtail the sugar cane harvest in Brazil, spiking its need for increased ethanol imports, a US Energy Information Administration report shows. The EIA on August 7 dropped its outlook for 2012 ethanol production by 500,000 gallons to 13.3 billion gallons. In its Short- Term Energy Outlook for August, the agency cut its prediction for ethanol output by 8% to 830,000 b/d for the second half of 2012.