Do you want to have cotton rates in less than an hour? Then you must use an API, an Application Programming Interface, which allows computer applications to interact with one another.
Cotton is a textile fiber of plant origin that is usable for the industrial process of manufacturing fabrics. This fruit is composed of pure cellulose that provides a soft and fluffy fabric that makes it ideal for the manufacture of light, easy-to-wash and comfortable fabrics, making it the most profitable natural fiber in the world today.
Due to the great use of this product in the world of fashion and the textile industry, it is believed that in the 2021-2022 season, world cotton consumption will reach a level of 25.9 million tons, while supply will be of 45.8 million tons for the closing of the period. The largest exporters are countries such as India and China, Australia, the United States and Brazil.
For those who are interested in investing their money in cotton, they must take into account that its price changes periodically in the market and they must be immersed in constant checking of these. To be able to follow these movements in the stock market, we have an API that could help, Commodities-API.
How Does It Work?
Commodities-API it´s a simple, minimalist Open-Source API for recent and historical commodities prices from financial institutions, their webpage let you keep track on the pricing of a variety of items on demand and estimate rates and convert them to your preferred currency. This online API delivers exact rate data in a variety of currencies for a large range of commodities, like cotton.
How Fast Can You Used It?
The API can offer real-time commodity data with an accuracy of two decimal points and a pace of up to every 60 seconds. Commodities-API is built on a strong back-end architecture that allows for response times of less than 50 milliseconds for defined API requests.
Delivering commodity exchange rates, changing single currencies, and providing time-series and fluctuation data are only a few of the processes.
How Safe Is It?
The Commodities-API uses bank-grade 256-bit SSL encryption to protect your connection.
Thousands of developers, small enterprises, and large corporations utilize Commodities-API on a regular basis. This API is the most popular site for commodity rates because of its reliable data sources and 6+ years of experience.
For more information, check their website.