Robusta coffee is a variety of coffee that is known for its high caffeine content and deep flavor. It is grown primarily in Africa, Southeast Asia, and Brazil. Robusta coffee futures are based on the price of robusta coffee. They are traded on the Intercontinental Exchange (ICE) and are used by coffee traders to hedge against price fluctuations. Since robusta coffee futures are traded on an exchange, they can be bought and sold at any time during the trading day.
Robusta coffee has many uses and benefits for people. As a result, many companies are interested in investing in this commodity. This means that they must know about the future rates of this product so that they can plan their investments well. If they do not plan well, they can lose a lot of money. For this reason, you should use an API that will give you all the information about the future rates of Robusta coffee, a Robusta coffee API.
A Robusta coffee API will provide you with robusta coffee futures rate information. As a result, you can plan your investments well and get the best results possible. However, not all APIs are created equal; some are better than others, and some are more user-friendly than others. In this sense, we recommend using the Commodities API.
Commodities API
The Commodities API provides real-time data on commodity pricing from more than ten distinct sources for exchange rate information. You or your clients will be able to check future live pricing on a variety of commodities, including robusta coffee. It offers a wide range of endpoints, each of which serves a particular purpose that will, in general, assist you in identifying market patterns over time and gaining relevant industry knowledge. For example, the convert endpoint, the historical rates endpoint, and the latest rates endpoint.
Developers should use the commodities API since it is simple to incorporate into already-existing websites and applications. The JSON format used by the commodities API responses is compatible with all widely used computer languages. Applications that track commodity prices, commodity trading activities, or carry out other functions can be made using the data provided by this API. Developers won’t need to build a new API to fulfill client needs.
Making Use Of This API
The commodities API offers precise information and is simple to use. Simply register for an account on the Commodities API page to begin utilizing it. Log in and then select the base currency, symbols, and endpoint that best meet your needs. Lastly, click “run” to start the API call. All the information will be delivered to you in a matter of seconds.
For example, we test the “Latest rates endpoint,” which provides information on the most current commodity rates for a certain currency. We were able to obtain the following information using the base currency (USD) and the symbol (RMK23):
{"data":{"success":true,"timestamp":1682644260,"date":"2023-04-28","base":"USD","rates":{"RMK23":0.00039510075069143},"unit":{}}}According to the answer, 0.00039510075069143 of robusta coffee is equivalent to one US dollar.
Overall, the commodities API is the best tool to obtain the latest data on Robusta coffee futures and other commodities such as corn or wheat. This API is perfect for anyone who wants to trade Robusta coffee and other commodities. Choose a package that fits your needs, it can provide a monthly cap of 100,000 API queries and a 60-second update time. Do not delay in putting it to use!