Do you want to simplify your robusta coffee trading with an API? In this post, we’ll tell you how to do it.

Coffee is an extremely popular beverage. It is estimated that over 2.5 billion people drink coffee every day. Over 80% of the world’s population drinks coffee regularly, and over half of that number drinks it daily. It is no surprise that the coffee industry is extremely profitable. Coffee beans are the seeds of a fruit produced by the coffee plant. The most common variety of coffee is Arabica, which is grown in the upper altitudes of the tropics and subtropics. Robusta, on the other hand, is grown at lower altitudes and yields a lower quality product. The two varieties are not genetically modified, however; they are simply different varieties of the same species.

If you trade robusta coffee, you must be seeking ways to increase your income and simplify your workload. The best solution for you, as a developer, is to use an API. A programming interface, or API, must be used in order to connect to software and other services and make use of their features and functionalities. You may automate tasks and get information on robusta coffee prices and market trends in this case by using the Robusta Coffee API. If you do it this manner, you’ll be able to trade more precisely and successfully.

The most common form of trading in the coffee market is futures trading. Futures are financial contracts that allow buyers and sellers to agree on a price for a specific commodity or financial asset at a specified time in the future. The price agreed upon today will be used for delivery at some point in the future, when the actual price may be higher or lower.

The main advantage of this type of contract is that it allows producers to lock in a price for their goods before they are produced and shipped to market. This allows them to avoid unexpected price fluctuations and sell their product at a fair price.

The Commodities API is recommended. The pricing of robusta coffee and other market data are precisely provided through this well-known API. You can use it to find out more about the demand, supply, production, and consumption of robusta coffee globally.

Commodities API

Users can get up-to-the-minute information on commodity prices by using the Commodities API, which is provided by more than 10 different exchange rate data providers for commodities pricing. Each endpoint that the API offers has a specific function and is available in a wide range of endpoint types. The endpoint provides currency conversions, time-series data retrieval for a single or multiple 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.

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.

This API will provide you with a different form of response depending on the commodity you’re looking for. We are looking for information about Robusta coffee in this instance. We can seek for details on Robusta coffee using the API’s provided symbol (ROBUSTA):

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

One US dollar is equivalent to 0.0.00042301184433164 tonnes of Robusta coffee, as you can see from the answer.

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.

Besides that, Commodities-API provides data in more than 170 different currencies with a two-decimal place precision. You can send up to 100.000 API requests each month, and you can get data updates every 60 seconds, depending on the subscription you select. Moreover, there is a 7-day trial period for this API.