Would you like to invest in something you consume daily? Did you know you could invest in cocoa and coffee? Read this article and learn how to do it through a commodities rates API!
Chocolate and coffee are both used in various forms all over the world, with more than three million tons of cocoa beans consumed annually and two billion cups of coffee drank everyday. This makes both cocoa and coffee extremely important commodities, to the point that coffee is the world’s second largest export, trailing only oil. There are more than fifty coffee-producing countries where commodities revenues from coffee play a critical role in their economy.
Approximately 90% of all cocoa production is exported as beans or semi-manufactured chocolate goods. The Netherlands is the world’s largest cocoa processing country in terms of volume, with Europe accounting for 40% of the global market. The main importers of cocoa and cocoa products are the United States and Europe.
On the other hand, the majority of coffee is produced in underdeveloped nations, but the majority of coffee is consumed in developed ones. The EU is the largest coffee importer, followed by the United States, Japan, the Russian Federation, and Switzerland. Green coffee (milled beans) is transported in bulk in enclosed containers or in jute or sisal bags in shipping containers. Coffee is purchased from farmers, co-operatives, and auctions by exporters, who subsequently sell it to dealers.
It is usually sold to coffee roasters all around the world, who then transform the beans into retail items. Coffee trading is also possible on a variety of exchanges. Consumers and manufacturers trade coffee futures to assure selling or purchase prices and control price risk. Because of the numbers that both of the this commodities handle, we recommend the use of platforms that give quickly exchange of money and diverse currencies, like Commodities-API.
Commodities-API, Explained
Commodities-API It’s a free web API service that offers you real-time statistics on commodities including coffee, rice, and maize. The API compiles worldwide data prices in a variety of currencies from a variety of sources and organizations throughout the globe. Commercial sources are typically preferred, particularly when dealing with large currencies and commodities.
A Quickly Site To Get Started
The website of Commodities-API it´s extremely user-friendly. You may use this guide to assist you:
– Go to www.commodities-API.com and fill out the form to registrate in their web.
– Get an API key and start searching for the commodities and currencies you want.
– After that, you’ll have a JSON file with the API, which you may use as you like.
A Reliable And Secure Website
The Commodities-API site uses one of the greatest APIs available since it can give real-time commodities data with a two-decimal-point precision and a 60-second frequency. Commodities-API is built on a strong back-end architecture that ensures high availability and response times of less than 50 milliseconds for defined API calls.
Furthermore, this platform does not take security lightly. The website uses bank-grade 256-bit SSL security to protect your connection. Thousands of developers, small enterprises, and large organizations utilize Commodities-API on a regular basis. This API is the most popular due to its robust data sources and 6+ years of experience.