Do you need to find agriculture prices from reliable sources? In this post, we recommend an API with Pakistan Mercantile Exchange data.
Sugar output in the period of 2022/23 is expected to reach 7.2 million metric tons, a small improvement over the strong 2021/22 crop, due to minor increases in land and sugarcane yields. The output projection for 2021/22 has been raised in light of last year’s bumper crop. As a result, ending stocks have increased, resulting in a greater exportable surplus in 2022/23. Sugar exports are expected to surpass one million tons over this period due to high stockpiles and competitive rates.
Pakistan, on the other hand, produced 24,946 thousand tonnes of wheat. Pakistan’s wheat output climbed at a 3.11 percent yearly pace from 6,476 thousand tonnes in 1971 to 24,946 thousand tonnes in 2020.
When compared to the previous month’s pricing, the prices of staple cereals and non-cereal food items varied from minor to large in March 2022. Retail prices for wheat (1.6 percent) declined somewhat throughout this period, but wheat flour (0.9 percent) climbed little. When compared to the previous month’s pricing, the price of eggs and sugar fell significantly (1.8 percent) in the same month. These are some of the items available at the Pakistan Mercantile Exchange.
What Is Pakistan Mercantile Exchange?
PMEX was founded in 2002 and began operations in May 2007, offering a comprehensive range of local and international goods across a variety of asset classes. PMEX is a demutualized exchange, and all ownership is institutional.
The Securities and Market Commission of Pakistan licenses and regulates Pakistan Mercantile Exchange Limited (PMEX), the country’s first and only demutualized commodities futures exchange (SECP). PMEX provides a comprehensive suite of services, including trading, clearing and settlement, custody, and back-office, all under one roof, based on sophisticated multi-dimensional infrastructure and cutting-edge technology. It works with metals as well as commodities including cotton, wheat, maize, and soybeans.
You should be able to obtain this information via an API. It’s a program that connects to and interacts with various gadgets. There are a lot of them on the internet, but not all of them work the same way or give the same level of data. To operate in the agriculture industry, you must supply the most reliable information to analyze price swings over time and stay up to speed on current prices. The tool to afford this purpose is Commodities-API.
Why Commodities-API?
The Commodities API is a commodities spot rates API that is easy to incorporate into your app or page because it is built for programmers. It includes thorough API documentation, user-friendly code illustrations, and a simple API structure that allows you to integrate the API in under 10 minutes.
Commodities-API is used often by programmers, small and medium-sized businesses, and large firms like Chainlink and Glencore. This API gets its data from reputable sources. Our API gathers products from a wide range of data suppliers and banks, as well as the World Bank. In addition, there is a Support staff. Their global customer care team is available around the clock, 365 days a year.