If you are looking for an API that displays up-to-date prices for commodities such as rubber and coffee, then I recommend that you continue reading this article. Here you will find information on how this style of API works.
Today, the Far East still produces most of the world’s natural rubber, while Russia and its former republics, Europe, Germany and the United States are among the world’s largest producers of synthetic rubber.
Rubber, also known as latex or rubber, is a flexible material. It is commonly used in rubber bands, erasers, car tyres and other applications because of its hardness, elasticity and strength. The material is believed to be ideal for removing pencil marks from paper, hence its title.
On the other hand, coffee and the plant from which it derives, the coffee plant, originated in Africa. However, the Arabs were the first to extract coffee beans. As a consequence of Islam’s ban on alcohol, they were also the ones who introduced the custom of drinking coffee. Kaldi, the goat herder who discovered coffee, was named after them. He is said to have herded his goats on the steep slopes of Kaffa in Abyssinia. His animals strayed one day, and he ended up finding them after much searching.
That is why it is vital to be informed about the price of these commodities if you plan to invest in them. In order to do so, you can use an API. Below are the steps to be able to test it.
Steps To Test This API:
1. Search your browser for www.commodities-api.com and log in to get your API key.
2. Search for the commodity symbols in question and the currency of your choice.
3. Once you have them, enter both and make the API call.
4. The program will give you different answers, you have to select the type of programming language in which you want to view it.
There are currently more than 170 options listed. Recently cryptocurrencies have been added. Something really new and unique in the market for this type of API. It has an accuracy of about 2 decimal points. The data is updated every 60 seconds, and up to 100,000 API requests can be made in a single month.
This API is completely free of charge. And it shows the rates in real-time. The information is continuously updated every 60 seconds. However, the prices are always up to date. The data of this tool can be viewed in the currency of your choice.