If you want to know how to get the price of commodities such as sugar and rice in real time and through an API. Then I recommend that you continue reading this article, because here we provide information to understand and know about the operation of this style of APIs.
Sugar is a raw material. It is a crystalline substance, usually white. It is highly soluble in water and has a very sweet taste. In recent times, sugar has experienced exponential growth in the world economy. Its production increased by approximately 14 %. It was there, when importing countries broke import records.
On the other hand, we will talk about rice. It is the third most produced agricultural product in the world. In 2019, China produced more than 200 million tons of rice. Followed by India was India which has produced around 177 million tonnes. This is because it is a food that is consumed all over the world.
If you are thinking of investing in either of the 2 products you need to know that it is vital to be updated on the prices. To know this you can use an API, there are many in the current market that show prices. For example Commodities-API.
To Use It You Have To:
1. Search in your browser for 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, insert 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 information is 100% reliable. Because the data comes from banks and the stock exchange. Which makes this API absolutely reliable. Once this API call is made, the prices are displayed in the currency you want and with an accuracy of 2 decimal points. You can also use different types of programming languages depending on the one you are most comfortable with.
Commodities-API uses bank-grade 256-bit SSL encryption so your connection will be very secure and protected at all times. The currency and commodity price conversions use the same API endpoints, which means that they can be used to convert any currency from one to another. Also, from any commodity to any other.