Do you wish to invest in the coffee industry? You must obtain actual prices from trustworthy sources. In this case, we suggest a coffee rates API that uses Intercontinental Exchange data.
Coffee is a strong beverage made from the roasting and powdered seeds of the fruits of the coffee plant; it includes caffeine, a psychotropic stimulant. This is one of the most advertised products in the global market, as well as one of the top three most, drank drinks.
As of 2021/2022, international coffee output had reached 163.7 million 60-kilogram bags. The great bulk of the world’s coffee is grown in South America, mainly Brazil. Brazil will produce 61.7 million 60-kilogram coffee bags in 2021. As a consequence of these statistics, stock investors are looking for new ways to put their money to work in the coffee sector.
You must utilize an API if you wish to invest in this resource. It is an application that connects and communicates amongst several devices. There are many of them online, but not all of them function the same way or provide the same amount of information. To compete in the coffee market, you must provide the most trustworthy information to study value changes over time and remain up to date on current pricing. You should obtain information from the intercontinental exchange.
What Is Intercontinental Exchange?
The Intercontinental Exchange (ICE) is a Fortune 500 corporation headquartered in the United States that manages worldwide exchanges and intermediates while also providing financial technology, data, and conditions. It was established in the year 2000. The company owns and operates 12 managed banking and commodities exchanges and marketplaces.
This includes the ICE futures exchanges in the United States, Canada, and Europe, as well as the European futures exchanges, the New York Stock Exchange, equity options exchanges, and over-the-counter (OTC) energy, credit, and stock markets. In many marketplaces, ICE provides exchange trading and clearing services. Its main products include crude and processed oil, power, natural gas/liquids, and natural gas from the United Kingdom.
An API can be used to collect this information. It is artificial intelligence that transports data between numerous devices. You may also include it in an app or website because it is simple to accomplish. Commodities-API is the perfect API for this purpose.
Commodities-API is a very easy-to-use tool. You will benefit from this lesson in the following ways:
- Create an account on the website.
- Get an API key; each key is unique and valid.
- Select your favorite currency and commodity (COFFEE).
About Commodities-API
Commodities-API is a commodities spot rates API which is a software application that collects market data for goods and industries worldwide, such as coffee, corn, wheat, rubber products, and fuels. This system’s strengths include the fact that it is open and accessible, as well as having a result timeout of less than a minute and data accuracy to two decimal places.
Commodities-API is a very secure platform since it uses SSL encryption. SSL encryption is a specific technology that encrypts data transit between a web browser and a website (or between two web servers), safeguarding the connection. This type of security is quite similar to what is used in banks.