Do you want to know how to obtain coffee live rates using an API? Then this is the article for you.
Coffee is a brewed drink made from coffee beans that are known for their stimulating properties. It is one of the most popular drinks in the world and is consumed by almost everyone, particularly during the winter and autumn seasons. People also use it to keep awake or pass the time during a long day at work. With that in mind, it’s not surprising if you’re considering investing in this product.
In this regard, Brazil is the country that produces the most coffee, and it has been that way for over 150 years. This country produced roughly 45 million kilogram bags in 2019. Vietnam came in second with 25 million people, followed by Colombia with approximately 14 million. These figures should suffice to demonstrate that coffee is a highly manufactured commodity.
So, if you’re looking to invest in coffee, you should be aware that you’ll need to keep up with various rates virtually every hour, as this is a commodity that moves quickly and changes frequently. It may be difficult, but it is not impossible. To achieve commodity’s live prices, you can utilize an API, which is a connection between two computers or programs that allows them to interact.
What is an API?
An API is a programmatic interface for getting data from a location and instantaneously providing it to you. This allows you and your customers to check coffee prices at any time.
To acquire access to this, you’ll need to discover relevant software that includes an API for tracking commodity prices. This could be a challenging endeavor because not all software is created equal and cannot provide you with the information you need.
In order to save time and effort, we strongly urge you to use Commodities-API, one of the most useful and comprehensive commodities rate tools currently accessible. Rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, and a range of other commodities are supported by this platform.
Why Commodities-API?
This is a platform where you can keep track of the pricing of a range of goods, including coffee. You’ll be able to see current prices and convert them into the currency of your choice this way.
Because it collects and validates data from banks and the stock market, this software is extremely safe. When you submit an API call, you will receive data in a range of programming languages with a precision of 2 decimal points. Furthermore, this program uses bank-grade 256-bit SSL encryption to protect your connection.
Currency and commodity price conversions are done using the same API endpoints, and they can convert any amount from one currency to another, one commodity to another, or any currency to any currency.
How does it work?
So, if you’re looking for coffee live rates, you’ll need to take the following steps:
1- Sign in to www.commodities-API.com to acquire your personal API key.
2- Look for the coffee and the currency symbols that correspond to it.
3- Once you’ve found both of them, make the API call.
4- You will receive a JSON response from the program, which you can change and use as needed.
Also published on Medium.