Would you like to buy coffee in the futures market? Obviously, given the current situation, investing in the spot market is not a good idea. Lucky for you, we have a tool that is sure to meet your goals. It is the best coffee rates API.
Coffee is a food frequently consumed as a beverage that is obtained by infusion from the fruits and seeds of the coffee tree (Coffea), which contains a stimulating substance called caffeine. Every year 400,000 million cups of coffee are drunk in the world. This food is the second merchandise traded in the world, after oil, and one of the main products of agricultural origin most traded in international markets. For this reason, it often makes a large contribution to the exports of the producing regions. Cultivation is widespread in many tropical countries, especially Brazil, which concentrates just over a third of world production.
It is obtained from the roasted and ground coffee seed and is usually taken for breakfast or after meals, and is one of the most socializing non-alcoholic drinks in many countries. There are almost as many ways to prepare this drink as there are consumers, but the most popular, apart from drinking it neat, is the one with milk, although cream, condensed milk, chocolate or some liqueur is also usually added. It is usually served hot, but can also be eaten cold or with ice. The usual way of preparing this drink at home is through the traditional coffee maker, although recently we have witnessed the phenomenon of electric coffee machines.
Currently, many coffee-producing countries are being affected by the international crisis. For these reasons, many want to buy this commodity in the futures market. To obtain these prices, nothing better than using Commodities-API.
Why Commodities-API?
One of the greatest ways to find futures pricing if your goal is to enter the coffee industry is by using Commodities-API. Its purpose is to swiftly and effectively gather information from 15 sources, including banks and financial institutions, in order to give you data that is entirely accurate. We can get updated data from this service every 60 seconds, with a precision of two decimal places. In periods of market instability, doing so will help us save time and money. And don’t worry about your own nation; you will be able to see the costs in whichever legal tender your country uses for your convenience.
What is the cost of using this service?
Unbelievably, there is no cost associated with using it. However, there are also paid programs that make use of the full Commodities-API‘s potential. But don’t worry, you can always upgrade or decrease the plan if you decide otherwise or if your needs alter. In the beginning, we advise a premium subscription because there is a greater likelihood of performing API calls and a quicker time between request and response.
Send a message through the contact form if you have any inquiries, and a member of the customer support staff will get back to you right away. The typical response time for urgent requests is a few minutes. Another option is to simply send an email; on the website you will find more information.