If you want to get prices from The Agricultural Futures Exchange of Thailand, here we recommend an API.
A commodities market is a real or virtual marketplace where raw or primary items can be bought, sold, and traded. Nowadays, there are around 50 main commodity markets throughout the world that support trade-in approximately 100 key commodities.
Thailand is rich in resources such as metals, agricultural products, and so on. Thailand has risen to the 20th largest export economy in the world, thanks to a significantly favorable trade balance. Over the previous five years, the country’s export sales have increased at an annualized pace of 1.9 percent.
If you want to get commodities data from a reliable source, you should request for Agricultural Futures Exchange of Thailand prices which is Thailand’s sole agricultural futures exchange. It is governed by the Agricultural Futures Trading Commission and is sponsored by the Thai government.
Rubber, rice, and tapioca are traded by the AFET. With 1311 contracts of open interest as of February 21, 2008, rubber was the top AFET contract. On October 29, 2007, the exchange volume record was 1441 total contracts exchanged. On January 13, 2006, the exchange established a new record for open interest with 4294 contracts.
Staying updated on these prices will optimize your business. Whether live Thailand prices or historical values allow you to analyze the best moment to invest in these commodities. For this aim, you should use an API.
What Is An API?
An Application Programming Interface (API) is a data exchange tool that allows two or more devices to communicate with one another. Because it may be integrated into your app or web page, the API is used by a wide range of sites that also provides this data to consumers.
In this case, you may select one that has both historical and current commodities data. Commodities-API is an excellent choice for this. It delivers real-time statistics on a variety of goods and it collects information from the most trustworthy source and the most important exchange centers.
About Commodities API
The Commodities API isa commodities spot rates API, and it’s straightforward to incorporate into your app or page because it is built for programmers. It contains thorough API documentation, user-friendly code drawings, and a basic API structure that allows you to integrate the API in about 10 minutes.
Commodities-API is used by thousands of developers, SMBs, and large businesses such as Chainlink, and Glencore every day. This API gets its data from reputable sources. Commodity data is obtained through our API from financial data suppliers and banks, including the World Bank. It also has its Support staff. Their global support team is accessible around the clock, 365 days a year.