Did you know that there are different types of coffee? Did you know that you could invest in them through a commodities rates API? Learn how to do it with JSON program!
Robusta coffee (beans, brewed in a cup, or the plant itself) is made from the Coffea canephora plant species. Robusta coffee’s roots are in Africa, where it was first discovered in the 1800s in the sub-Saharan areas of the country’s western and central regions, such as the Democratic Republic of Congo (formerly the Belgian Congo) and Uganda.
Both Africa and Asia continue to expand it today (including Indonesia and India, but production is especially high in Vietnam.) Robusta coffee is grown extensively in Brazil as well. Furthermore, Robusta coffee can grow at lower elevations than Arabica coffee, allowing it to broaden its geographical reach.
Because Robusta has a history of being farmed for lower-end markets, the same care and attention to processing that we see in Arabica production is not frequent with Robusta. Higher-quality Robustas are conceivable, albeit they will most likely have more of the flavor qualities we expect (low acidity and bitterness). Higher quality Robustas, on the other hand, have the ability to elevate espresso to new heights as a mix component.
Robusta coffee output was over 73.72 million 60 kilogram bags in 20222, and it is predicted to surpass 77 million 60 kilogram bags in the following market year. The less costly Robusta bean is Vietnam’s main export, and it is the world’s leading producer of Robusta coffee.
Many traders and investors put their earnings into this sort of coffee because of its output on the stock market. However, numerous platforms are dedicated to dealing with these movements through software like JSON, is a lightweight data storage and transmission format. When data is transferred from a server to a web page, JSON is frequently utilized. JSON is self-descriptive and simple to comprehend. One of the most prominent of these systems is Commodities-API.
What Is Commodities-API?
It’s a corporation that, among other things, sells monetized data on coffee, cereals, and oils. It gets them through an API, which takes less than a minute to set up after forming connections with financial institutions. You may choose from 170 different currencies and commodities on this site.
How Does It Operate?
Commodities-API has the advantage of being very easy to use. To do so, take the following steps:
• Go to the website and create an account.
• Select a currency and a product.
• Create an API-request on the dashboard, and the software will react with an API-response.
Is It A Secure Site?
Their API obtains commodity pricing data from around 15 credible data sources per minute. Banks and financial data companies are among the sources. They additionally safeguard your connection with bank-grade 256-bit SSL encryption. Commodities-API is used by thousands of developers, small businesses, and huge organizations on a daily basis. Because of its reputable data sources and more than six years of expertise, this API is the most popular site for commodity rates.
Where Can Information Be Obtained?
Every minute, the API of this site receives data on commodities and currency prices from more than 15 reliable data sources. Among the sources are banks and financial data companies, as well as the World Bank itself.