Are you interested in entering the palm oil market? Did you know that you can study the movements of this commodity through an API? Read this post and learn how to do it!
Palm oil is a kind of edible oil derived from the fruit of the oil palm tree (Elaeis guineensis). Beta-carotene levels are high in crude palm oil, sometimes known as “red palm oil.”
Saturated and unsaturated fats are found in palm oil. Vitamin E and beta-carotene are found in some varieties of palm oil. Antioxidant properties may be present in some varieties of palm oil. Crude palm oil is bleached, deodorized, and neutralized to produce refined palm oil.
Palm oil is used to treat and prevent vitamin A deficiency. It’s also used to treat malaria, heart disease, cancer, and a variety of other ailments, but there’s no solid scientific proof to back up these claims.
In turn, there is a new biodiesel-type fuel, which is a clean fuel made from crude palm oil under a variety of operating circumstances that vary depending on the catalytic system utilized.
In this way, we can show that palm oil is a highly salable product and that it can generate a great profit for those interested in investing in this commodity. To do this, many experts use the new digital currencies that are clearly here to stay.
Bitcoin, ether and binance are cryptocurrencies that give a higher profit in the stock market and that, as expected, are quite stable. To keep track of the movement of these new currencies and palm oil in the market, we recommend Commodities-API
What Is Commodities-API?
Commodities-API is a free and open platform that is managed through an API, computer software, which searches in less than 60 seconds for monetized data of up to 170 products such as coffee, rice, among others.
How Is Commodities-API Used?
This platform has the characteristic of being super easy to use. To do this, I followed this guide.
- Create an account on the website
- Search for an API-key, which is a unique key for each user.
- Select the currency and the product (CPO) of your choice
Is It A Secure Site?
Yes, Commodities-API has SSL encrypted security, that is, web-to-web connection security. This type of security is typical of banking entities. In turn, the data obtained by this API comes from financial institutions or even the World Bank.