Python is one of the most used programming languages in the world. This is why it’s so important to have an API that adapts to that language and gives you the rates of sugar. Here, we explain to you how to get it.
Sugar is one of the most important commodities in the world since it is the principal carbohydrate in the majority of sweet meals. Is found in most plant tissues, is utilized for sweetening, and occurs in a number of forms. Because of high demand, its output increased by 14 percent between 2009 and 2018. Throughout those years, the main importers were China, Indonesia, and the United States.
So, if you’re looking for investing in this commodity, then you should know that an API is probably the best solution for staying updated on that topic. An API is a connection that allows two websites, computers, or apps, among other things, to communicate with one another. When you submit a request to an API, you get an immediate response. An API frequently provides information in some programming languages, like JSON and Python.
About Python
Python is a high-level general-purpose programming language that is interpreted. Is widely used in the development of websites and software, as well as in task automation, data analysis, and data visualization. With significant indentation, its design philosophy enhances code readability. Its language features and object-oriented approach are designed to assist programmers in writing clear, logical code for both small and large-scale projects.
How Can You Get This Information?
To obtain an API, you must first get a software that allows you to perform API calls. There a few of these available online, but to explain better we will use Commodities-API, a free public API that provides commodity pricing for a wide range of commodities such as coffee, rice, sugar, and wheat. We use it because Commodities-API supports over 170 currencies and offers data with an accuracy of 2 decimal points, which makes it the most useful tool out there.
To use it, go to this page, sign in, and receive an API key, after which you may pick the currency and commodity of interest. The program will then provide you with the data you want, and you may modify the API any way you see fit.
The Python information will look like this:
import requests
base_currency = 'USD'
symbol = 'SUGAR'
endpoint = 'latest'
access_key = 'API_KEY'
resp = requests.get(
'https://commodities-api.com/api/'+endpoint+'?access_key='+access_key+'&base='+base_currency+'&symbols='+symbol)
if resp.status_code != 200:
# This means something went wrong.
raise ApiError('GET /'+endpoint+'/ {}'.format(resp.status_code))
print(resp.json())
Commodities-API offers midpoint data for all commodities as well as currency rates. The midpoint rate is calculated by averaging the median bid and ask rates for a certain time period. Commodities-API uses the same API endpoints to convert currency and commodity prices and may be used to convert any amount from one currency to another, any commodity to any commodity, and any currency to any currency.
Also published on Medium.