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How A Robusta Coffee Prices API Can Help You Stay Ahead In The Market

Are you looking for a robusta coffee prices API to stay ahead in the market? You’re in the right place!

One of the most consumed beverages worldwide is coffee. We consume more than 400 million cups of coffee each day, according to some estimates. This is as a result of its stimulating effects, which provide us vigor and awaken us. Yet there are numerous varieties of coffee, and each has a distinctive flavor and scent. Arabica and Robusta are the two varieties of coffee that are most popular. Arabica coffee is renowned for both its strong flavor and aroma and for having a lot of caffeine. Contrarily, Robusta coffee is renowned for having a strong flavor and little caffeine.

You may already know that supply and demand constantly influence coffee pricing if you run a robusta coffee business. As a result, it follows that you should always check your product’s price to make sure you’re getting the best deal. In case you are unfamiliar, APIs, which stand for “Application Programming Interface,” allow two pieces of software to communicate with one another. You should utilize a Robusta Coffee API to get up-to-date information in this circumstance. By doing this, you can keep an eye on the market and make sure you’re getting the best deal.

How A Robusta Coffee Prices API Can Help You Stay Ahead In The Market

Robusta coffee is typically cheaper than Arabica because it is easier to grow and less susceptible to disease. This means that it can be grown in places where Arabica would not survive. Additionally, Robusta coffee has a lower caffeine content than Arabica, which means that it doesn’t have as much of a “kick”. This makes it a popular choice for people who want a cup of coffee that won’t keep them up all night.

Robusta coffee is also known for being less bitter than Arabica. This means that it can be used in blends with other types of coffee to add flavor without adding too much bitterness. Robusta coffee prices are determined by several factors, including the quality of the beans and the location where they were grown. However, since Robusta is typically cheaper than Arabica, its prices are also lower.

Let’s introduce you to the Commodities API!

How A Robusta Coffee Prices API Can Help You Stay Ahead In The Market

The Commodities API, which is provided by more than ten distinct exchange rate data providers for commodities pricing, allows users to get real-time information on commodity prices. The API offers a wide variety of endpoints, and each one serves a unique purpose. The endpoint offers value conversions, time-series data retrieval for one or more currencies, access to the most recent commodity rate data for all or a particular group of currencies, and API queries for data on daily changes.

This API will provide you with a different form of response depending on the commodity you’re looking for. In this instance, we’re looking for details about Robusta coffee. We can check for information on Robusta coffee by using the symbol (ROBUSTA) provided by the API:

{"data":{"success":true,"timestamp":1681396200,"date":"2023-04-13","base":"USD","rates":{"ROBUSTA":0.00041753653444676},"unit":"per tonne"}}

One US dollar is equal to 0.00041753653444676 tonnes of Robusta coffee, as you can see from the answer.

Here are some definitions that will help you understand the response from this API:

  • API Key: A unique key assigned to each API account used to authenticate with the API.
  • Symbol: Refers to the three-letter currency code or metal code of a given currency.
  • Base Currency: The currency to which exchange rates are relative to. (If 1 USD = X EUR, USD is the base currency)
  • Target Currency: The currency an amount is converted to. (If 1 USD = X EUR, EUR is the target currency)
  • Base URL: Refers to URL which all API request endpoints and URLs are based on.

Moreover, Commodities-API provides data in more than 170 different currencies with a precision of two decimal places. You can send up to 100.000 API requests each month, and you can get data updates every 60 seconds, depending on the subscription you select. Moreover, there is a 7-day free trial period for this API.

All You Have To Do To Utilize It Is:

  • Go to Commodities API and simply sign up, when you are done you’ll be ready to start using the API!
  • Employ the different API endpoints using the symbols given by the API depending on what you are looking for.
  • Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.
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