Do you want to obtain accurate and fast rubber rates in Indian Rupees? Then use an API!
Rubber, often known as latex or caucho, is a flexible material. Because of its hardness, elasticity, and endurance, it is widely utilized in elastic rubber bands, erasers, car tires, and other applications. This chemical is said to be excellent at removing pencil marks from paper, thus its name.
The Far East continues to produce the majority of natural rubber today, although Russia and its former republics, France, Germany, and the United States are among the world’s leading synthetic rubber manufacturers. The Harbel Rubber Plantation, located west of Monrovia, Liberia, Africa, and founded in the 1920s and 1930s by the Firestone tire company, is the world’s biggest single source of latex rubber.
India began commercially cultivating rubber in 1902, . The amount of land accessible for natural rubber cultivation has grown in recent years. In 2020, the country’s rubber plantations occupied little more than 822 thousand hectares and India was the world’s sixth-largest producer of natural rubber and the fourth-largest in South Asia, after Thailand, Indonesia, and Vietnam.
In fiscal year 2019, India produced over 651 thousand metric tons of natural rubber. Kerala, India’s southernmost state, was the largest producer that year. So, if you want to access rubber pricing in Indian rupees, you should understand that an API is really useful. An API is a piece of technology that collects data from a place and delivers it to the person who requested the API. This is common on many websites and is useful when you need the most up-to-date information as soon as possible.
Where Can I Obtain This?
If you want rubber rates in USD, we believe Commodities-API, a free web API that delivers real-time data on commodity prices such as coffee, rice, sugar, and wheat, among others, will be very useful.
You must first complete the following procedures in order to receive the data:
- Go to www.commodities-API.com and create your own API key.
- Look up the symbols for rubber and Indian Rupees. These are RUBBER and INR, respectively.
- Locate the product and money in the list using these symbols. Make the API call after you’ve decided on them.
- The website will give an API in a number of computer languages, which you may update, utilize, and alter as you see suitable.
The result will be:
{
"success": true,
"timestamp": 1519296206,
"base": "RUBBER",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Commodities-API?
Commodities-API began as a basic, lightweight open-source API for current and historical commodity rates issued by banks and the stock exchange. Our API can supply real-time commodities data with an accuracy of 2 decimal points and a frequency of up to 60 seconds. Delivering exchange rates for nearly any commodity, Precious Metals, converting single currencies, providing Time-Series data, and volatility data are all capabilities.
Every minute, this API collects commodity pricing data from over 15 trusted data sources. Banks and financial data companies are among the sources. Currency and commodity price conversions are handled by the same API endpoints and may be used to convert any amount from one currency to another, or from one commodity to any commodity, or from any currency to any currency.
Also published on Medium.