Are you looking for a way to get rice rates per metric ton? Then check this API!
Rice is a cereal grain consumed by more than half of the world’s population, with Asia, Latin America, and Africa accounting for the majority of rice consumption. It is the world’s third-most-produced agricultural crop, behind sugarcane and maize. Furthermore, it is the most important food crop for human nutrition and caloric intake, accounting for more than one-fifth of all calories consumed worldwide.
This product is traditionally grown by flooding the fields during or after the establishment of young seedlings. This fundamental method involves precise irrigation planning, but it inhibits the growth of weaker weed and pest plants that do not have a submerged growing state, as well as deterring rodents. Flooding is not essential for rice production, although it is the most efficient and successful method.
The country that produces the most rice is China, which is closely followed by India. These two countries produced 200 million and 177 million tons of grain in 2019. As you can see, the rice sector moves tremendously quickly every day, causing its price to fluctuate virtually every hour.
One of the most common units in which rice is measured and traded is per metric ton. This is a weight measurement unit that equals a thousand kilograms and it is used in a large number of nations. Tuns are often large or enormous barrels used to trade wine in most parts of the world.
In the metal trade sector in the United States, a metric ton equals ten kilograms. In general, it also refers to the metric ton of ore that contains 1% of the original metal. MTU is also known as metric tons of uranium or thousand kilograms of uranium in the case of MTU. The term gigaton is often used in the coal mining business.
How To Get The Rates
Using an API is the best approach to get this information. This is an API-based interface that collects data from a place and transmits it to the person who requested it. Data is collected with this technology, which allows two computers or programs to connect with one another.
We believe Commodities-API, a free web API that delivers real-time data on commodity prices such as coffee, rice, sugar, and wheat, among others, will be very useful if you’re seeking for rice rates per metric ton.
You must do the following to make advantage of it:
- Go to www.commodities-API.com to get your own API key.
- Look for the symbols that you want to test (RICE and the currency you desire)
- Use these symbols to find the commodity and money in the list. After you’ve settled on them, make the API call.
- Seek out the most recent pricing. The website will provide you with an API in a number of computer languages that you may customize and use whatever you like.
The end outcome will be as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "RICE",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
More Information about This Software
Commodities-API can provide real-time commodity data with a 2 decimal point precision and a frequency of up to 60 seconds. Exchange rates for practically every commodity are provided, as well as Precious Metals, currency conversion, Time-Series data, and volatility information.
Rice, wheat, coffee, corn, sugar, Brent crude oil, West Texas Intermediate crude oil, soybeans, gold, silver, and other commodities are all increasing in price. This API delivers precise commodity and exchange rate data for nearly every commodity, as well as 170 different foreign currencies, including Bitcoin and other major cryptocurrencies.
Also published on Medium.