You must read this page if you require lumber prices in Japanese yen. In this case, we recommend using an API to capture this data and enhance your company.
Wood is an ancient business that has evolved in a variety of ways, including home construction, musical instruments, furniture, and cooking items. It is acquired by deforestation and is used to make weather lumber and pulp. You may use it to produce paper and other derivatives.
Japan is the major importer of global marketable wood, pulp, and paper goods. As a result, Japan’s influence can be felt in many countries around the world, such as the United States, Canada, Russia, Malaysia, Indonesia, Australia, Chile, and others.
Japan’s woods encompass 66 percent of the area, making it one of the globe’s most wooded countries. Nevertheless, since the liberalization of timber imports in 1960, Japan’s wood self-sufficiency rate has steadily declined from 86.7 percent in 1960 to 19.2 percent in 1999. The Japanese forest industry has been beaten by inexpensive timber imported from other countries.
Because it’s a dynamic market and Japan is one of the biggest buyers of lumber, if you are in this industry you have to be updated about the lumber prices in their currency. But, collecting this data it’s not easy. You need to use an API
An API is a Programming Interface that allows you to watch information from another device. You can incorporate technology into your website or app to share the data with your customers. There are many APIs of commodities in the network but you need one that gives you lumber rates in Japanese yen.
For this purpose, we suggest Commodities-API that have more than 170 gods and currencies among which you can choose. With it, you can watch live prices and historical pricing. With this information, you can have into consideration all of the factors to decide the best moment to invest.
If you want to test out this API, follow these steps:
- To obtain your API key, go to www.commodities-API.com.
- Choose the Lumber (LUMBER) symbol and the Japanese Yen as your currency.
After you’ve settled on them, make the API call. - Check for the most recent and up-to-date pricing. Furthermore, the material is available in a variety of computer languages, including JSON, PHP, and Python, and may be changed and used in any way you see fit.
About Commodities-API
This appears to be the best option. This is a website where you can keep track of the prices of various things. You’ll be able to estimate and convert rates to your favorite currency with confidence. This web API provides exact rate data for a wide range of commodities in a variety of currencies. Commodities-API began as a basic Open-Source API for major banks’ recent and historical commodity prices.
The API can provide real-time commodities data with a two-decimal point precision and at a rate of up to every 60 seconds. Commodities-API is designed on a solid back-end architecture that enables response speeds for defined API calls of less than 50 milliseconds.
The Commodities-API uses bank-grade 256-bit SSL encryption to protect your connection. This API is utilized regularly by thousands of developers, small enterprises, and large organizations. This API is the most useful website for commodity rates due to its solid data sources and 6+ years of experience.