BRAZIL, SHORT OF BIOFUEL, CAN'T OPEN SPIGOT TO US
SAO PAULO, Dec 29 (Reuters) - For three decades, the U.S. government sought to protect American corn farmers and ethanol makers from a feared flood of Brazilian imports by imposing a tariff that had the South American country crying foul.
But as the contentious tax finally expires at year-end, American farmers' fears of being swamped by sugar-based tropical biofuel seem unfounded. With Brazil's ethanol industry struggling to meet booming local demand, it's U.S. producers instead who are shipping millions of gallons to the south.
U.S. ETHANOL OUTPUT JUMPS 2 PCT TO RECORD HIGH
Dec 29 (Reuters) - U.S. ethanol production hit a record high last week, jumping 2 percent over the previous week's tally, the Energy Information Administration reported on Thursday.
U.S. ethanol production totaled 962,000 barrels per day in the seven days to Dec. 23, up 19,000 barrels per day from the previous week. The next highest production level was 954,000 barrels per day for the week ending Dec. 2.
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