Knowing that crude oil is one of the most important commodities in the world, you need to stay updated on its spot prices almost every minute. Here, we tell you how you can do that. Crude oil refers to a combination of hydrocarbons that occurs in the liquid phase in…
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Sometimes, it can be hard to find the best API to stay updated on commodities spot rates. It’s important that you know which one can be the best for you and your business, and here we present you with it. When we talk about spot prices, we’re referring to the…
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Since the Second Industrial Revolution, crude oil and fuel have gained a crucial play role in the world. Thousands of industries depend on this raw material in order to produce what we consume every day of our lives. A life without petroleum-based energy is unimaginable. Although there are brand new…
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Certainly, coffee is a soft commodity (meaning it’s not storable for long periods of time). This product is taken from plants that grow in tropical-friendy climates. Coffee is such a significant part of people’s diets around the world that it has developed its own business. Coffee roasters, packers, growers, marketers,…
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Oil is any nonpolar chemical substance that is a viscous liquid at normal temperature. Because of their high carbon and hydrogen content, oils are flammable and surface-active. Oils might be of animal, vegetable, or petrochemical origin, as well as volatile or non-volatile. They are used in the manufacturing of paints,…
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With more than 700 million tons produced annually, rice is the main meal of more than 50% of the worldwide population. Although most rice is consumed in the nations where it is grown, the worldwide rice trade demand is rising. The majority of rice is farmed and consumed in Asia.…
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Also known as maize, corn is a cereal plant and edible gran native to Mexico, which is currently one of the world’s most extensively distributed commodities. It can be eaten, used as raw material, and as a biofuel, among other things. Nowadays, it’s the most important crop in the USA,…
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As the world is always changing, so are markets. For instance, investors and people related to certain industries need to know updated rates. Certainly, the products’ prices that we use every day are based on raw materials’ rates. And, on the other hand, those rates keep changing because of stock…
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Rice is a cereal grain that is consumed by almost half of the world’s population, mostly in Asia, Latin America, and Africa. Furthermore, it is the agricultural commodity with the third-highest global production, after only sugarcane and maize, and China it’s the country that most rice produces. In 2019, China…
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A commodity is defined as: A material or item that can be bought, sold, or exchanged. These elements or items are, without a doubt, raw materials for the goods and services we use on a daily basis. These materials can also be classified into groups like agricultural, energy, metals, and…
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