Are you aware of the API that can help you to streamline your robusta coffee commodities trading? If not, read this article to learn about it. 

The most crucial element in the coffee industry is the commodity’s price. It is the sole variable that has the potential to dramatically affect a product’s worth. A number of variables, such as supply, demand, and market movements, affect the price of a commodity. Depending on these variables, the price of a commodity may change dramatically over time. A multitude of variables, such as supply and demand, market trends, and the caliber of the beans, affect the price of coffee. These variables have an impact on how much coffee costs over time.

If you are a robusta coffee trader, you must be looking for ways to increase your profits and make your work easier. And if you’re a developer we have the perfect solution for you: using an API. An API is a programming interface that lets you connect to software and other services so that you can use their features and functions. In this case, Robusta Coffee API will help you to automate tasks and get information about robusta coffee prices and market trends. This way, you’ll be able to trade with more efficiency and accuracy.

On different commodity exchanges, coffee futures are traded. The New York Board of Trade is the coffee futures market with the most activity (NYBOT). Contracts measuring 37.5 kilograms (kg) or 1 metric ton (MT) are used to trade coffee futures (t).

There are many APIs available, but not all of them are reliable. You need to choose carefully the one that will help you streamline your robusta coffee commodities trading. We recommend using the Commodities API. This is a popular API that provides accurate data on robusta coffee prices and other market data. You can use it to get information on demand, supply, production, and consumption of robusta coffees all over the world.

Commodities API: The Best Option!

Users can get real-time data on commodity prices through the Commodities API, which is offered by more than 10 different exchange rate data providers for commodities pricing. There are numerous endpoints available through the API, and each one has a different function. Value conversions, time-series data retrieval for one or more currencies, access to the most recent commodity rate data for all or a specific set of currencies, and API searches for data on daily changes are all provided by the endpoint.

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. We’re looking for information on Robusta coffee in this example. The API gave us the symbol (ROBUSTA) to use when looking up information about Robusta Coffee:

{"data":{"success":true,"timestamp":1681396200,"date":"2023-04-13","base":"USD","rates":{"ROBUSTA":0.00041753653444676},"unit":"per tonne"}}

As you can see from the response, one US dollar is equivalent to 0.00041753653444676 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.

Besides that, Commodities-API offers data with a precision of two decimal places 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 is available for a 7-day free trial.