Do you need to know how to get palm oil rates using JSON API? Then this article is for you.
Palm oil is an edible vegetable oil obtained from the mesocarp of oil palm fruit. This one grows exclusively in the tropics and generates high-quality oil that is mostly used for cooking in underdeveloped nations. It is also found in food, detergents, cosmetics, and, to a lesser extent, biofuel.
The global production of palm oil in 2018–2019 was 73.5 million tonnes. By 2050, annual palm oil production is expected to reach 240 million tonnes. Plantations are expanding across Asia, Africa, and Latin America as a result of this expansion.
Indonesia is the world’s greatest producer of palm oil, with 34.5 million tons produced (2016 output). By 2019, this figure had risen to 51.8 million tons and by the end of 2010, 60 percent of the output had been exported as crude palm oil. This country aims to more than treble its output by the end of 2030.
With all this in mind, you can clearly see that palm oil’s production is huge, and a good investment in this product can bring you great incomes. However, to achieve that, you need to stay updated on different types of rates so you can foresee how the product is going to behave in the future.
This is where an API comes into play since it can be used by many websites or blogs to give real-time data to any visitor. But what is an API? This is a technology that collects data from a place and then provides it to the person who requested it. With this, you can get information from any place online and use it for your own purposes.
Where To Find An API
Creating an API is a tough job and can take you a lot of money and time. However, there are a few softwares online that can provide you with it and make your job easier. Most of them employ Javascript Object Notation (JSON), which is one of the most widely used programming languages in the world.
JSON is a language-independent text format that uses standards that C-family programmers are familiar with. It is a lightweight data-transfer format that humans can easily read and write.
Nevertheless, you should know that not every one of them works the same way or can give you the same data. To make you save time, we recommend using Commodities-API for palm oil rates in JSON.
This is one of the most comprehensive softwares available and is now our favorite since it gives good information for a low price. It is also very simple to use and delivers the data with a two-decimal point precision.
To use it, you need to:
- Sign in at www.commodities-API.com. You will then be provided with your personal API key.
- Look for Palm Oil and the currency symbols you want.
- Locate the commodity and money in the list using these symbols. Make the API call after you’ve decided on them.
- The website will give an API in a number of computer languages that you may modify, utilize, and adapt as you see fit.
Is This Safe?
100%! Using an API is probably one of the best decisions you can make to improve your business. With Commodities-API you’ll get data from over 15 reputable data sources every minute. Banks and financial data firms are examples of this.
It’s worth noting that this platform only offers midpoint data for commodities and currency rates. The average median rate of Bid and Ask at a particular time is used to compute midpoint rates.
Also published on Medium.