Looking for cotton prices in Australia? Try out this commodities prices api to get it in a click!
Facts About Cotton
Cotton is a soft, fluffy staple fiber that grows in a boll or protective covering around the seeds of cotton plants of the genus Gossypium in the mallow family (Malvaceae). The fiber consists almost exclusively of cellulose and may contain small amounts of waxes, fats, pectins and water.
Cotton grows in a variety of climates, from semi-arid desert conditions to mountainous subtropical conditions. Cotton grows only in climates with low temperatures. It is a slow growing plant that needs enough good days and the right climate to produce a good cotton crop.
The Market of Cotton in the World
In many countries, cotton is the most important crop and therefore has a large weight in the market. Cotton provides fiber for the textile industry and plays an important role in the food industry because its seeds have high oil and protein content. Cotton production employs about 350 million people. China consumes 40% of the world’s production of raw cotton.
Cotton is at the top of the fiber crops. Currently, the world produces 25.5 million tons of cotton grains grown on 34.8 million hectares. The United States, China and India are the largest cotton producers, accounting for nearly 60% of world production. Pakistan is another major cotton producing country, while Australia and Egypt produce the highest quality cotton. Cotton is grown in more than 100 countries and accounts for 40% of the world fiber market.
If you’re looking to know about the prices of cotton, we suggest you to try out this api:
About Commodities API
Commodities-API is, as the name suggests, an API. That is, it is the shortened version of Application Programming Interface, and it specifies an interface that allows two programs or systems of different types to communicate with each other.
This API collects price information every minute from more than 15 reputable data sources, such as financial organizations and banks, which vouch for the accuracy of the data. All cotton data is sent in real time with an accuracy of two decimal places and a frequency of up to 60 seconds. In other words, these features allow you to get current prices and study the data to determine when is the optimal time to buy cotton. And, of course , Commodities API is designed to be used by Android and iOS users.
Steps to Check Commodities Prices
-Go to www.commodities-API.com and fill out the form and make a key for the API. After that fill out the registration form with your information and then select a plan. Commodities-API now offers three plans: free, basic, and professional. Examine the distinctions between each one carefully.
-Once you’ve completed the steps above, choose the symbols for the commodity you want to view the pricing for (cotton in this case), and then select the currency in which you want to see the values.
-Once you made a choice, perform the API call. You have the options of using JSON or PHP as a programming language.
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Also published on Medium.