Do you live in a European country whose currency is the euro? Do you need to buy a lot of cocoa to create chocolate? Well… you’re in the right article. We will explain how to get the rates for this commodity easily and quickly. It is the best API for commodity data.
The cocoa tree (Theobroma cacao) is a tropical American Amazonian tree, whose original cultivation is about 20 degrees north and south of the equator. It is currently grown in West Africa, Central and South America, and Asia. This tree flowers after five or six years. Its fruit is the cocoa pod or pod and within them there are usually between 30 to 50 beans. These beans are roasted, shelled and ground to obtain the so-called cocoa paste. The other resulting product is cocoa butter, the fat.
The benefits of cocoa are varied. Good quality pure cocoa is an energetic element and full of components that significantly collaborate in health. His bad fame is possibly due to the use of chocolate or misuse, rather. But cocoa is a food with many scientifically proven properties. For example, it also provides vitamins of group B, as well as vitamin A and E, and has potassium, iron, magnesium, phosphorus and zinc in varying amounts. But, it is evident that the most famous use is chocolate, which is a processed product that contains sugars.
In Europe, cocoa is a very important product, since a lot of chocolate is made on that continent. For example, the famous brand called Nutella is Italian, KitKat is British, and Milka is Swiss. If you want to obtain the prices of this commodity, using the Euro currency, it is best to use the Commodities-API system. More information is below:
Use Commodities-API!
This system is essentially an API (Application Programming Interface), as indicated by its name (Commodities-API), which is open to the public, free, quick, and simple to use. Its goal is to give you the opportunity to view the pricing of fundamental goods like crude oil, rice, or cocoa, the commodity you’re interested in. You can obtain this information by registering on the website, choosing one of the various plans (free, basic, or professional), receiving the API key, and then searching for the product’s symbol (cocoa) and the European currency (Euro). To ensure you are fully prepared to grasp this system, we advise reading the website‘s documentation first.
The cocoa data, on the other hand, has an update frequency of just 60 seconds and a precision of 2 decimal places. Remember that the latter will depend on the plan you select; the free plan’s benefits differ from those of the paid plan. If you are wondering, one of the Commodities-API information sources is Euronext, one of the best commodity exchanges in Europe.
In case you have any queries or concerns, the company’s customer care is available online from 10 am to 7 pm ET to assist you. The customer service team will contact you promptly after you send a message using the contact form or email. The typical response time for urgent requests is a few minutes.
Also published on Medium.