If you require details on robusta coffee futures, we’ll demonstrate how to obtain it by using an API in this article.

A type of coffee renowned for having a high caffeine concentration is called robusta coffee. In fact, because of this, robusta beans are used to make instant coffee. It’s also renowned for having a strong flavor and little acidity. The robusta plant is indigenous to the African Congo region, where it has been raised for many years. Robusta is being grown in numerous nations all over the world. Due to its capacity for high bean yields, it is a preferred coffee variety among many industrial roasters. In mixes with other types of coffee beans, Robusta coffee is frequently used as a filler.

If you trade robusta coffee, you probably want to find ways to increase your revenue and simplify your work. Also, if you’re a developer, using an API is the best solution for you. An API, or application programming interface, is required in order to connect to software and other services and make use of their features and functionalities. In this case, a robusta coffee API will let you automate tasks and acquire information on robusta coffee prices and market trends. If you do it this manner, you’ll be able to trade more skillfully and accurately.

Many commodity markets provide trading in coffee futures. The New York Board of Trade’s coffee futures market is the busiest (NYBOT). Contracts for coffee futures measuring 37.5 kilograms (kg) or 1 metric ton (MT) are traded (t).

Despite the abundance of available APIs, not all of them can be trusted. You should carefully choose the one that would make trading in robusta coffee commodities easier. It is suggested to use the Commodities API. This well-known API provides precise pricing data for robusta coffee along with other market statistics. It can be used to find out more about the production, demand, supply, and consumption of robusta coffee globally.

Commodities API

The Commodities API allows customers to get real-time data on commodity prices from more than 10 different exchange rate data providers. The API has several different endpoints, and each one has a different function. The endpoint provides currency conversions, time-series data retrieval for one or more currencies, access to the most recent commodity rate data for all or a chosen subset of currencies, and API searches for data on daily changes.

All You Have To Do To Utilize It Is:

• Go to Commodities API and simply sign up, when you are done you’ll be ready to start using the API!
• Employ the different API endpoints using the symbols given by the API depending on what you are looking for.
• Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.

Depending on the commodity you’re looking for, this API will give you a different kind of response. In this case, we’re searching for information on Robusta coffee. Using the API’s supplied symbol (ROBUSTA), we can look up information on Robusta coffee:

{"data":{"success":true,"timestamp":1681507440,"date":"2023-04-14","base":"USD","rates":{"ROBUSTA":0.00042301184433164},"unit":"per tonne"}}

As you can see from the answer, one US dollar is equal to 0.00042301184433164 tonnes of Robusta coffee.

Here are some definitions that will help you understand the response from this API:

• API Key: A unique key assigned to each API account used to authenticate with the API.
• Symbol: Refers to the three-letter currency code or metal code of a given currency.
• Base Currency: The currency to which exchange rates are relative to. (If 1 USD = X EUR, USD is the base currency)
• Target Currency: The currency an amount is converted to. (If 1 USD = X EUR, EUR is the target currency)
• Base URL: Refers to URL which all API request endpoints and URLs are based on.

Moreover, Commodities-API offers data with a two-decimal place precision in more than 170 different currencies. Depending on the subscription you choose, you can submit up to 100.000 API queries per month and receive data updates every 60 seconds. Moreover, this API has a 7-day free trial period.