Do you want to invest in the rice market and the New Zealand stock market? This article is for you!
Rice is the second most widely produced cereal in the world and is the basis of food for a third of the planet’s population. It is also used in many haute cuisine dishes, due to its ease of molding and its cultural importance in foods such as sushi.
Rice has many beneficial properties for the body, so it should appear in a healthy and balanced diet. It is a source of protein and vitamins mainly from group B, such as niacin, riboflavin, folic acid and thiamin. It also provides the body with vitamin D and omega 3 fatty acids.
For the countries within Asia and Oceania, this product is one of the most traded in the area. Among the countries that produce it the most are China, Japan, Australia and New Zealand. An important fact to know is that, since 2019, New Zealand has begun to be recognized as an agricultural powerhouse that exports almost 90% of its own agricultural production.
The country’s producers establish that this is due to its implementation with new technologies, which is the indicated option for, in addition to saving money and facilitating life in the countryside, adding value to products for the national market and for exports. Both producers and investors must be aware of how the rice is positioned in the stock market to be able to bet on this new agricultural program.
To do this, many spend their time monitoring the status of some raw materials on the stock market, monitoring their ups and downs. Therefore, we recommend using Commodities-API.
What Is An API?
The term API stands for Application Programming Interface, which allows computer applications to connect with one another. The main purpose is to save time and money by reducing the amount of work that developers have to undertake.
What Is Commodities-API?
Commodities-API It’s a basic Open-Source API that lets you connect to current and historical commodity rates from banks and the stock market. Among other things, the API may provide currency values for virtually any commodity, precious metals, single currency conversions, Time-Series data, and volatility statistics.
How Is It Used?
It’s quite easy to use!
You must first register for an API key at www.commodities-API.com, then search for the commodity (RICE) and currency (NZD) you desire. The API will then be sent to you in JSON format, which you may utilize as you like. JavaScript Object Notation is a method of encoding that avoids the need for each application to write its own ad-hoc code to communicate with certain servers. The JSON API module supports entity types, bundles, and fields, as well as data storage and data structures.
For more information, check their website.