Are you looking for a way to obtain sugar per lb rates? Use an API!
Sugar is particularly essential in the global market since it is the primary carbohydrate in the majority of sweet foods. As a result, it may be found in a variety of forms in our daily lives. This contributes to increased demand, which resulted in a 14 percent rise in output between 2009 and 2018. As a consequence of all of this, we can clearly see that sugar is a fantastic investment; all you have to do is execute it correctly.
The most used measure for this commodity is per pound (or per lb). The pound, sometimes known as the pound-mass, is a unit of mass used in British imperial and US customary measuring systems. The most prevalent term today is the international avoirdupois pound, which is officially defined as 0.45359237 kilograms and is split into 16 avoirdupois ounces.
So, if you invest in this type of thing, you should understand how important it is to be up to date on daily price adjustments. This might be the event that changes the course of your assets. You may end up with terrible results and lose money if you do not watch the commodity and see how it performs in the market.
Knowing this, if you want to expand your business or contemplate investing in sugar, you must keep up to current on its price per lb every hour. This may be accomplished through the use of an API, which is an interface that accepts data from a location and then provides it to the person who made the API call. This is common on many websites and is really helpful when you need up-to-date information straight away.
How to Make Use of an API
If you need sugar rates per pound, we believe Commodities-API, a free web API that provides real-time data on commodity prices such as coffee, rice, sugar, and wheat, among others, will be of great assistance.
To obtain the API with spot pricing, you must first complete the following steps:
- Sign up for your own API key at www.commodities-API.com.
- Look for the sugar sign (SUGAR) and the money symbol.
- 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 give an API in a variety of computer languages, which you may modify and use in any way you see fit.
The answer will be something like this:
{
"success": true,
"timestamp": 1519296206,
"base": "EUR",
"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,
[...]
}
}
More Information about This Software
Commodities-API can deliver real-time commodities data with an accuracy of 2 decimal points and a frequency of up to 60 seconds. There are exchange rates for almost every commodity, as well as Precious Metals, currency conversion, Time-Series data, and volatility information.
Rice, wheat, coffee, corn, sugar, Brent crude oil, West Texas Intermediate crude oil, soybeans, gold, silver, and other commodities all rise in price. This API provides accurate commodity and exchange rate data for almost every commodity, as well as 170 different foreign currencies, including Bitcoin and other major cryptocurrencies.
Check Get Sugar Rates API Using PHP
Also published on Medium.