Are you interested in entering the rice market? Did you know that you can measure metrics and data through an API? Read this article and learn how to do it.
Rice is a fruit of a plant with the same name. It is edible and its shape is like an elongated grain, whitish in color. It is generally consumed boiled and constitutes a food whose consumption is widespread and highly marketable. In turn, it is a complex carbohydrate that does not contain fat or sodium, and although its protein content, although limited, is higher than that of other cereals. In addition, if it is combined with a legume, it results in a high-quality protein.
As a marketable commodity, it is one of the world’s best-selling grains. In the developing world, rice provides 27% of dietary energy and 20% of protein. Rice production is the main activity and source of income for some 100 million households in Asia and Africa. In fact, 742,541,804 tons of rice are produced annually, with China being its largest producer with a production volume of 211,090,813 tons per year. India ranks second with 158,756,871 tons of annual production.
Due to this, rice is a product that has great weight in the market. The only bad thing about investing in the stock market is the current lack of stability it presents. In order to obtain a fixed economy, the best thing to do is to invest in countries with stable economies, such as Switzerland. Experts in economics use various paths to keep up to date with the most stable demands and movements in the market. In fact, one of the most used platforms is Commodities-API that helps them obtain real-time data on a product such as rice.
What Is Commodities-API Used For?
Commodities-API is a free and open website that is used to obtain real-time data on up to 170 products on the market in various currencies, operating through an API.
The site is managed by obtaining information from financial institutions every 60 seconds and works with a precision of two decimal places. In turn, it is also possible to access records and metrics from previous days, weeks, months and years in order to have a better position in the market when investing.
How Can I Register?
To start operating for the first time on the website is very simple, you just have to follow these instructions:
– Register on the website.
– Get an API-key
– Select the currency and commodity (RICE) of your choice.
And ready! That’s it!
Is It A Secure Site?
Every minute, their API gets commodity pricing data from over 15 reliable data sources. Among the sources are banks and financial data businesses. They also use bank-grade 256-bit SSL encryption to protect your connection. Thousands of developers, small enterprises, and large organizations utilize Commodities-API on a regular basis. This API is the most popular site for commodity rates because of its reliable data sources and more than six years of experience.