Do you want to find a way to obtain soybeans rates in Indian Rupees? Then use an API!
Soybeans are a kind of legume that originated in East Asia and has a wide range of applications. It is present in a variety of processed foods, including soy milk, tofu, fermented bean paste, and others. They also provide oil and protein and can aid in the prevention of illnesses such as cancer.
Brazil produced more than 125 million tonnes of soybeans in 2018. It was followed by the United States, with around 120 persons, and Argentina, with more than 40. Because of the widespread usage and production of soybeans, soybean ETFs have shown to be relatively reliable and straightforward to understand for future investments.
According to an average estimate of 13 analysts and merchants, India’s soybean output in MY 2021-22 would be roughly 10.8 million mt, down nearly 16.6 percent from the previous year. According to the Ministry of Agriculture, India harvested 12.9 million mt of soybeans in MY 2020-21.
With this in mind, you can clearly see that soybeans are a huge investment in India that changes constantly and can bring you a lot of income, but a bad decision can make you lose money. So, is there a way for you to stay updated on different rates all the time? Luckily, there is! You can use an API.
This is a user interface that accepts data from a place and sends it back to the person who made the API call. This is popular on many websites and is quite beneficial when you require current information right away.
After initiating an API request, you will receive data in a matter of seconds (or, more correctly, making an API call). This response is delivered in a number of computer languages, depending on the API, including JSON, PHP, and Python.
How To Get This
If you’re searching for Indian Rupees soybeans rates, we propose Commodities-API, a free web API that gives real-time data on commodities such as coffee, rice, sugar, and wheat.
You must do the following to make advantage of it:
- To obtain your own API key, go to www.commodities-API.com.
- Find the symbols you wish to put to the test (SOYBEAN and INR)
- Locate the commodity and money in the list using these symbols. Make the API call after you’ve decided on them.
- Look for the most up-to-date price. The website will provide you with an API in a variety of computer languages, which you are free to modify and use in any way you see suitable.
As a result, the following will appear:
{
"success": true,
"timestamp": 1519296206,
"base": "SOYBEAN",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Additional Information About This Software
Commodities-API can provide real-time commodities data with an accuracy of 2 decimal points and a frequency of 60 seconds. There are exchange rates for almost every commodity, as well as Precious Metals, currency conversion, Time-Series data, and volatility statistics.
Rice, wheat, coffee, corn, sugar, Brent crude oil, West Texas Intermediate crude oil, soybeans, gold, silver, and other commodities are all increasing in price. This API delivers up-to-date commodity and exchange rate data for over 170 currencies, including Bitcoin and other major cryptocurrencies.
Also published on Medium.