If you want to find an API that shows the prices of products such as rice and rubber. Then I recommend you continue reading this article. It will detail information on how it works and the steps to follow to use this tool.
Rice is the third most-produced agricultural commodity in the world. China produced more than 200 million tonnes of rice in 2019. It is followed by India, which produced approximately 177 million tonnes. This is because it is a food that is consumed all over the world.White rice is high in minerals such as calcium and iron, it is also rich in vitamins such as niacin, vitamin D, thiamine and riboflavin. It belongs to the starchy carbohydrate group.
Rubber, on the other hand, is obtained from Hevea trees by cutting into the bark and placing a container in the wound to collect the latex. The rubber acquired a certain consistency after being smoked over an open fire, and could then be stretched to form even waterproof fabrics. The elasticity, water repellency and electrical resistance of this natural or synthetic substance distinguish it.
That is why, if you want to invest in this type of raw material, I recommend that you keep an eye on its prices. In order to know them quickly and easily, I recommend you to use an API, for example, Commodities-API.
To use it you have to:
1. Search in your browser www.commodities-api.com and log in to get your API key.
2. Search for the symbols of the commodity in question and the currency of your choice.
3. Once you have them, enter both and make the API call.
4. The software will give you different answers, you have to select the type of programming language you want to see it in.
This data is 100% accurate. Because the information comes from the banks and the stock exchange. So this API is completely reliable. When you make this API call, the prices are displayed in the currency you specify, with an accuracy of 2 decimal points. You can also use different types of programming languages depending on your comfort level.
Commodities-API employs bank-grade 256-bit SSL encryption, ensuring that your connection is secure and protected at all times. Currency and commodity price conversions use the same API endpoints, so they can be used to convert any currency into any other currency. Also, from one commodity to another.