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Why Robusta Coffee Companies Should Use An API For Commodities Prices

If you’re a developer interested in Robusta Coffee Data, we’ll explain it to you and show you how to use an API to obtain real-time prices!

Do you know which type of coffee is eaten the most globally? Robusta coffee is the most popular since it is the least expensive. A variety of coffee grown in tropical areas is called robusta. It is the variety of coffee that is most frequently produced worldwide. It is less well-known than Arabica coffee since it is used to produce instant coffee. It is simpler to grow Robusta coffee since it can be grown at lower altitudes than Arabica. Also, because of its increased yield, more coffee may be grown on an acre. Also, compared to Arabica beans, Robusta coffee beans are bigger and contain more caffeine.

If you own a robusta coffee business, you undoubtedly already know that supply and demand constantly affect coffee pricing. This implies that in order to ensure you’re obtaining the best price, you should constantly check the pricing of your product. If you’re not familiar with APIs, they stand for “Application Programming Interface” and they enable two pieces of software to interact with one another. To obtain current information in this situation, you ought to use a Robusta Coffee API. By doing so, you can keep an eye on the market and ensure that you’re obtaining the greatest available offer.

Why Robusta Coffee Companies Should Use An API For Commodities Prices

What Are The Benefits Of Robusta Coffee?

Robusta coffee has many benefits for our health. The first advantage is that it helps us stay alert and awake during the day. This is due to its high caffeine content, which stimulates the central nervous system and increases our energy levels. The second advantage is that robusta coffee helps prevent diseases such as cancer, diabetes mellitus type 2, and cardiovascular diseases.
The third advantage is that it helps us lose weight because it increases our metabolism and helps us burn fat more quickly. Finally, it helps us improve our memory and concentration, which are great benefits for students and professionals who have to study or work all day long.
It also helps us relax after a long day at work or school and helps us sleep better at night.

Commodities API

Why Robusta Coffee Companies Should Use An API For Commodities Prices

Real-time information on the prices of commodities may be accessed through the Commodities API, which is provided by more than 10 different exchange rate data providers for commodities pricing. There are many endpoints available through the API, and each one has its own specific function. The endpoint can perform value conversions, retrieve time-series data for one or more currencies, obtain the most recent commodity rate information for all or a selected set of currencies, and submit API requests for information on daily changes.

Depending on the commodity you’re looking for, this API will give you a different kind of response. We are looking for data on Robusta coffee for this example. In this case, the API gave us the symbol (ROBUSTA) to utilize if we are looking for information about Robusta Coffee:

{"data":{"success":true,"timestamp":1681396200,"date":"2023-04-13","base":"USD","rates":{"ROBUSTA":0.00041753653444676},"unit":"per tonne"}}

You can see that the response states that 1 USD is equivalent to 0.00041753653444676 tonnes of Robusta Coffee.

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.

Moreover, Commodities-API offers data with a precision of two decimal places in more than 170 different currencies. Depending on the subscription you choose, you can submit up to 100.000 API queries per month and receive data updates every 60 seconds. You can also try this API for free for 7 days.

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.
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