Are you a small agricultural producer? Do you want to know how your product is in the market? This post will explain how to do it through an API!
Wheat is one of the most ancient and essential grain crops. The most popular wheat types are common wheat, which is used to create bread pasta like spaghetti or gnocchi, and club wheat, which is a softer form that is used for cake, crackers, cookies, pastries, and flours. Wheat is also used in the manufacturing of starch, paste, malt, dextrose, gluten, alcohol, and other goods by industry.
The majority of wheat used in food must be processed. The grain is washed before being conditioned with water to ensure that the kernels break up correctly. The grain is broken and then pushed through a succession of rollers during milling.
The coarser particles move through additional rollers for further reduction as the smaller particles are sorted away. White flour is made up of around 72% of the milled grain. Graham flour is prepared from the whole kernel and gets rancid after a lengthy period of storage due to the germ-oil content maintained. White flour, which is devoid of the germ, lasts longer.
Although China, the United States, India and Russia are the countries with the highest production and export of wheat, countries like New Zealand, which are not a great agricultural power for the market, manage their own numbers with wheat production. New Zealand has an agricultural industry for several grains including: Wheat, Barley, Oat, Maize. Farmers harvest approximately 400,000 tonnes of wheat each year, mainly to produce high quality ingredients for the food industry in New Zealand and for export.
In 2021, about 10.9 metric tons of wheat were produced per one hectare of harvested area in New Zealand. This was forecasted to remain stable over the coming years. The small producers who, for the most part, work in their own family businesses are betting on continuing to invest in the country and their own agricultural products. Still, these farmers need to keep up with commodity prices and New Zealand currency in the market. To do this, they use Commodities-API.
What Is Commodities-API?
Commodities-API is a platform that gives you free and virtual access to any type of currency and products within its 170 options through an API, a connective software. The data obtained is in real time and has an accuracy of two decimal places and a response time of one minute.
How To Register For The First Time?
It’s super easy! You just have to follow these steps:
- Enter the Commodities-API website
- Get an API-key
- Select the commodity and currency of choice.
And everything is ready!
Where Does The Information Come From?
The information given by Commodities-API is obtained from fifteen highly reliable sources such as banks and financial markets that deliver data every minute.
Can I Get Information From Previous Months?
Yes, you can get “historical rates” which is data for another days, months, even years. They´re available for most currencies since August 2021. You can get the Commodities-API API for historical rates by appending a date (format YYYY-MM-DD) to the base URL.
For more information, check their website.