If you’re looking to create charts for robusta coffee prices, try out this api for commodity data in a click!
The coffee market is booming as consumption increases for all age groups. Global coffee exports total 10.61 million bags in 2021, creating great demand around the world. The popularity of younger generation coffee is increasing and the demand for coffee beans is increasing.
Coffee Overview
Coffee is one of the largest exported agricultural products, supporting millions of coffee plantations and coffee roasters. In the last decade, it has become popular among the young population, who have significant disposable income and a higher standard of living, which has encouraged the consumption of premium coffee.
Arabica and Robusta are two main types of plants from which different subspecies of coffee beans with different flavors, aromas and caffeine content are obtained. Brazil is the world’s largest producer of high-quality Arabica coffee and Vietnam is the world’s largest producer of Robusta coffee.
About Coffee
Coffee is one of the most popular drinks in the world today. Hot and cold coffee drinks can be made from a variety of beans and served in many forms, such as espresso, cappuccino, Americano, and so on. Two of the main types of coffee beans are Arabica and Robusta. Because of its caffeine content, many people drink coffee to get an energy boost; however, it is also believed to provide health benefits, such as lowering the risk of liver cancer, protection against Parkinson’s disease, and an overall healthier heart.
Some health benefits of coffee include:
-Reduction of diabetes risk,
-Fat burning,
-High energy intake due to caffeine spikes.
The Market of Coffee in the World
The coffee market is booming as consumption is increasing across all age groups and global coffee exports will reach 10.61 million bags in 2021. This is creating huge demand around the world, especially in India, China and the Philippines.
The growth of local and global franchise coffee shops is driving demand for a variety of coffees, as customers are willing to pay for high-quality coffee that has become a medium for socializing. Growing café culture among the younger generation and rising disposable income, workforce demographics, urbanization, and hospitality are some of the factors contributing to the growth of the global coffee market. Changes in work culture, especially in the corporate industry, are expected to further stimulate demand in the global market and improve living standards. Companies revamping their service strategies and new modern brands to increase customer satisfaction and loyalty are other factors improving the global coffee market worldwide. Due to increased awareness of the health benefits of coffee, the demand for organic varieties has also increased.
An API for Commodity Data
If you want to query coffe prices, the best option is to use Commodities-API.
This service allows you to retrieve data from 15 sources, including banks and the world’s major financial centers. Its main feature is its impressive speed. In times of economic instability and high volatility, the timeliness of rates helps us save a lot of money. Options include the delivery of exchange rates for almost all commodities, conversion of individual currencies, return of time series data and fluctuation data. As additional information, you can also create charts to analyze the information more easily.
If you’re willing to elarn more, click the following link:
Use a Commodities Rates API to Create Charts for Coal Prices – TheStartupFounder.com
Also published on Medium.