SIC 2076 Vegetable Oil Mills, Except Corn, Cottonseed, and Soybean

Contenidos

• NAICS CODE(S).
• FURTHER READING.

SIC 2076

This category covers establishments primarily engaged in manufacturing vegetable oils, cake, and meal, with the exception of corn, cottonseed, and soybean, or in processing such vegetable oils into forms other than edible cooking oils. Businesses primarily engaged in manufacturing corn oil and its byproducts are classified in SIC 2046: Wet Corn Milling; those refining vegetable oils into edible cooking oils are covered in SIC 2079: Shortening, Table Oils, Margarine, and Other Edible Fats and Oils, Not Elsewhere Classified; and those primarily refining these oils for medicinal purposes are discussed in SIC 2833: Medicinal Chemicals and Botanical Products.

NAICS CODE(S)

311223

Other Oilseed Processing

311225

Fats and Oils Refining and Blending

Vegetable oils in this category, particularly rapeseed oil and palm oil, had remarkable fluctuations in production between the 1999-2000 and 2006-2007 growing seasons. In the middle of the first decade of the twenty-first century, rapeseed and palm oils were highly valued for processing for the alternative fuel industry. Since rapeseed and palm refining are far outpaced in the United States by corn and soybean milling, imports of rapeseed and palm oil soared.

Falling vegetable oil prices at the turn of the twenty-first century had lessened the contribution of processed oil to the value of seeds. The impact was reflected in curtailed production of high oil-content seeds such as rapeseed and sunflower. Global rapeseed production declined from 13.6 million metric tons in 1999-2000 to 13.1 million metric tons in 2000-2001, and to 12.2 million metric tons in 2001-2002. Global sunflower seed production dipped from 9.6 million metric tons in 1999-2000 to 8.3 million metric tons in 2000-2001, and to 7.5 million metric tons in 2001-2002.

Rapeseed and sunflower processing soon rebounded. World rapeseed production increased from more than 12.2 million metric tons in 2001-2002 to more than 14.0 million metric tons in 2003-2004, and then reached 15.8 million metric tons in 2004-2005. Likewise, world sunflower seed production, which had fallen to 7.5 million metric tons in 2001-2002, surpassed 8.0 million metric tons in 2002-2003 and exceeded 9.0 million metric tons in both the 2003-2004 and 2004-2005 growing seasons.

Canola, the more familiar name for a group of rapeseed varieties, accounted for the majority of rapeseed grown in the United States and Canada. As a...