Everybody knows that Trading Economics is one of the main sites to get orange juice prices. Nonetheless, you are looking for the best alternatives, because maybe, it’s not the most practical site for you. In this article, we recommend an alternative API.
Orange juice is a liquid fruit juice made by squeezing the insides of oranges, typically with a juicer. Brazil is the greatest exporter of orange juice, accounting for 30% of global output, followed by the United States (mainly Florida). According to the organization’s data, more than 90% of oranges grown in the United States are intended for juice manufacturing.
Orange juice has a wide range of culinary applications and is mostly consumed as a soft drink. It is a complicated food product made up of numerous components; it is now available in practically any store, squeezed in tetra brick containers. The flavor of fresh orange juice is delicious and tangy. It has a high vitamin C content (ascorbic acid). Some manufacturers use citric acid or ascorbic acid in their goods, along with calcium and vitamin D.
Orange Juice Production
According to the Food and Agriculture Organization of the United Nations (FAO), over 80% of oranges grown worldwide are used to manufacture juices and extracts. Orange-based drinks are among the most popular across the world. While just 20% of oranges produced worldwide are sold as entire fruit.
Brazilian enterprises specialize in processing, crushing, and exporting juice extract for further processing and distribution. Meanwhile, corporations in the United States import juice extract from Brazil and combine it with orange juice extract manufactured in the United States to create orange juice-based soft drinks. These are consumed domestically and exported to other nations, such as China.
The global orange output for 2021-22 is expected to be 49 million metric tons (MMT), up 1.8 MMT from the previous year. Weather in Brazil and Turkey was favorable, resulting in greater yields that more than compensated for reduced output in Egypt, the European Union (EU), and the United States. The price of orange juice is predicted to grow 12% in 2022, with greater output in Brazil and Mexico more than offsetting losses in the United States and the European Union.
Use A Commodities Rates API
This information that we are giving you helps to set up a scenario for the orange juice market. That is why it is very important for people who want to invest in this business to be aware of price behavior every day.
For companies that advise investors in these markets, or financial companies, it will be very useful to update their prices every day, because they will gain the trust and support of their clients.
Many people watch Trading Economics keep up to date with prices, and it is very important because the page is updated with data from the most important financial institutions. However, many developers have found its API impractical, both because it takes time to update, and because of its rigid API integration. For this reason, here we recommend you to use Commodities-API which has several programming languages for you to use.
More About Commodities-API
Commodities-API is one of the most important artificial intelligence tools on the entire internet. It provides information on the most important agricultural markets in the world and a really wide range of products. You can also see it in the currency of your choice, and compare the data to better understand the behavior of the market.