If you´re a coffee drinker you know there´s different types of coffees and countries that produces them. But do you know you can do investments in those different categories? Read this article and find out all about this coffee rates API!
Coffee is the world’s second most marketed resource, after only crude oil. It’s ingrained in our everyday lives and a common sight on many street corners — and global demand has skyrocketed in latest days. However, it may be a complicated, subtle, and volatile commodity.
Perform your study on how and where it’s cultivated to optimize your profits, while also knowing the inherent financial risks involved with your daily bean. Because you’re betting on how much coffee will sell for, each of the three investing alternatives offered for this physical commodity has some danger. There are two kinds of coffee: Arabica and Robusta.
The Arabica coffee tree (Coffea arabica) is a Rubiaceae group bush native to Ethiopia and/or Yemen. It is the most common species cultivated for the production of coffee (obtained from roasted seeds) and the oldest in agriculture, dating back to the end of the first thousand years in the Arabian Peninsula.
Arabica is by far the most widespread form of coffee. Some coffee fans choose Arabica beans owing to their flavor, depending on who you ask. Arabica beans, which are often used for black coffee, offer a richer, more nuanced flavor that may be consumed on its own. Surprisingly, although being among the most popular, it does not contain as much caffeine as Robusta.
While Arabica is the most popular, Robusta is less expensive and more potent. Due to the harsh flavor, Robusta is commonly used in beverages and coffee mixtures. If your Monday morning is dragging, try a cup of coffee made with Robusta beans. Their strong caffeine concentration will quickly wake you up.
So if you like coffee, now you know what types of coffee exist, where they are produced and the benefits of investing in them. That is why, in order to have the right moment to invest in coffee, we recommend the use of platforms that provide you with commodities market data, such as Commodities-API.
About Commodities-API
Commodities-API It is a software that employs an API to deliver market survey to its customers for commodities such as coffee, cereals, and oils, among others. Users might purchase them utilising the API, which is easy to set up after contacting partner banks. Commodities-API is the most user-friendly API since it includes all of the API standards needed for a novice to browse the internet for commodities.
Check The Steps Of Function
Commodities-API has the advantage of being simple to develop. Complete the steps outlined here to do this.
-Create a profile on the service.
-On the PC, acquire an API Key.
-Intended for selecting the commodity and currency of your choosing.
-Use the panels to run an API query, and the software will provide an API response.
And that´s all, everything should functions well!
Get Historical Reports
The Commodities-API system provides their clients with historical data on the commodities of their choice. It is possible to complete it by August 2021, and visitors may view reports for days, weeks, months, and even years on the site. Navigate to the dropdown menu to do so.