If you want to know how to see the real and updated prices of commodities such as rubber and sugar, then I recommend that you continue reading this article. Because here we will explain how using an API you can know the prices in the currency of your choice.
Sugar is a vitally important element in all types of economies. The price of sugar is subject to governmental regulations. The process to obtain sugar consists of nine steps: cutting the cane, grinding, steam generation, heating, heating, clarification, filtration, evaporation, crystallisation, evaporation and drying. It is found in the juice of many plants and is extracted especially from sweet cane and sugar beet; it is used in food as a nutritive sweetener and is usually in the form of small crystalline powder.
On the other hand, rubber is one of the main components of tyres. This makes its price extremely important for the economies of countries all over the world. Rubber is made of a material called latex. This is extracted from tropical plants, generally originating from the Amazon. One of the main characteristics of this product is its water repellency, as well as its elasticity and electrical resistance.
That said, it is very important to keep up to date on the prices of these products. If you want to invest in these businesses. For that, one of the best APIs you can use is Commodities-API.
To Use It You Have To:
1. Search in your browser for www.commodities-api.com and log in to get your API key.
2. Search for the symbols of the commodity in question and the currency of your choice.
3. Once you have them, insert both and make the API call.
4. The software will give you different answers, you have to select the type of programming language you want to see it in.
It is a totally free API that shows you real time prices. The information provides a constant update every 60 seconds. So the prices are always very up to date. The data provided by this tool can be viewed in the currency of your choice.
Finally, there is currently a list of more than 170 options. Recently cryptocurrencies have also been added. Something really new and unique in the market for this type of APIs. The accuracy it has is around 2 decimal points. Also, the data is updated every 60 seconds and up to 100,000 API calls can be made in just one month.