It’s impossible to deny the importance India has in the worldwide industry. This country is a big rice and wheat grower, in addition to many commodities more. This is a field that is in constant growth and that’s why you need to stay updated about it.
The Indian food industry contributes more and more every year due to its immense potential for value addition. It’s the world’s third-largest food and grocery market in the world, only below China and the United States, and the food processing industry covers 32% of the country’s total food market.
With that being said, it’s important to understand that this market changes constantly and with speed, so you need to stay updated almost every minute if you are investing in it. To be able to do that, we recommend using an API. This is an application programming interface that allows two applications to communicate and access data. So, every time you send a command, that API will give you the data you are needing.
But, how do you get an API? For that, we highly recommend Commodities-API, an online free API that works with real-time prices of commodities, such as coffee, sugar, wheat, and rice, among others. If there’s any product you need, you probably will find it on this website.
How Does It Work?
Commodities-API data may be supplied in any currency, with a precision of two decimal points, from a broad range of over 170 choices. You can also get data updates every 60 seconds and conduct 100.000 API requests each month. To obtain the data, first, log in to the website, obtain an API key, and then select the currency and commodity of your interest. That’s all there is to it, and you may use the API anyway you see fit.
Commodities-API employs JSON API, or JavaScript Object Notation, an encoding approach designed to eliminate the requirement for each application to write its own ad-hoc code in order to connect with servers that interact in a specified manner. The JSON API module includes support for entity types, bundles, and fields, as well as data storage and data structures.
Where Does The Information Come From?
Commodities-API collects data from banks and the stock exchange and then uses it to offer you the most reliable and secure data. Aside from that, this API uses bank-grade 256-bit SSL encryption, which ensures that your connection is secure at all times.
The same API endpoints are used to convert currency and commodity prices, and they may be used to convert any amount from one currency to another, any commodity to any commodity, and any currency to any currency.
Also published on Medium.