Do you live in Europe and have a company or business that needs to acquire cotton? Would you like to obtain cotton rates from Euronext quickly and easily? If that is your current situation, we recommend reading this article, it will surely be very useful to you.
Cotton is the most important fiber textile plant in the world and its cultivation is one of the oldest. It comes from the cotton plant, a plant of the genus Gossypium, belonging to the Malvaceae family. It is a small bush, with yellow flowers and whose capsular fruit, divided into a number of valves that ranges between three and five, contains a series of seeds surrounded by white and curly filiform extensions, which constitute the cotton fibers. As the seeds mature, the capsule opens and the fibers project to the outside.
About half of the fibers used in the textile industry are cotton and with this commodity, all kinds of clothing are made: t-shirts, shirts, pants, among other things. It is also used for various purposes in medicine and nursing. It is common to take pieces of cotton to clean a wound or to soak it with a substance for medicinal use (such as alcohol or hydrogen peroxide) and then apply it to the skin. On the other hand, there is also transgenic cotton, generated by the alteration of seeds in laboratories.
Unfortunately, in recent weeks, this raw material began to increase in price and right now, it is sold at 3,300 dollars (3,128 euros) per ton. This is bad news for those entrepreneurs who work with cotton. For this reason, it is very important to be up to date with their prices. For this case, we recommend using the impressive Commodities-API service, since it is the best service for Euronext rates API.
Use Commodities-API!
Commodities-API is a tool is very famous in the world, since it is the best commodity rates API. In case you didn’t know, an API is a set of definitions and protocols used to develop and integrate application software, allowing communication between two software applications through a set of rules. Its objective is to be a bridge, and offer you the possibility of seeing the prices of raw materials (cotton in your case), quickly and easily. All this, with a precision of 2 decimal places and an update frequency of 60 seconds (depending on which plan you choose).
Where does Commodities-API get the information from? Is it reliable and up to date with current prices?
Currently, there are a total of 15 data sources, which ensure 100% accuracy of the information provided. In fact, some of its clients are world-renowned companies such as Barrick, Metex, Mansour, Injective Protocol, among others. And of course, one of these sources is European New Exchange Technology (Euronext NV), one of the largest and most important commodity exchanges in the entire European continent.
We recommend you go to its website and read the documentation about how to use this service. If you have any questions, please feel free to contact Commodities-API customer service or send an email to [email protected].
