Did you know that you could invest in Arabica coffee? Do it through a commodities rates API!
Coffee is a widely traded and well-known agricultural commodity. Despite the fact that there are several coffee plant kinds, the two most common are Robusta and Arabica. Arabica accounts for over 75% of global coffee output, whereas Robusta accounts for approximately 25%.
Arabica beans provide a nice, mellow, fragrant coffee, but Robusta has a more bitter flavor due to its significantly greater caffeine level. More caffeine may sound like a good thing, but caffeine has a harsh flavor that makes it unappealing and uncomfortable to consume.
Arabica is substantially more expensive than Robusta due to the fragrant difference. Arabica is often cultivated at elevations from from 2,000 to 6,000 feet. However, optimal growth circumstances are determined by a variety of elements, including climate and precipitation.
Because of the aromatic properties of Arabica, the market is substantially greater and primarily for human use. Brazil is the world’s largest and most significant coffee producer, accounting for one-third of worldwide coffee output. Vietnam and Columbia are two more significant coffee-producing countries.
Global price fluctuations are another big risk factor impacting coffee growers. Given Brazil’s strong market position in high-end Arabica beans, Brazilian exports are highly prized in worldwide coffee markets. Every year during the dry season, coffee is harvested. Cold weather in Brazil, the world’s largest coffee exporter, has a significant influence on worldwide price volatility.
It may be prudent to consider diversifying price risk when investing in coffee in a different geographical location. Furthermore, Central America and Mexico produce 15% of the world’s Arabica coffee – and coffee is critical to the area, where over 1.3 million people rely on coffee farming. Because of these figures, arabica coffee bean dealers employ several platforms to keep up with market pricing. Commodities-API is one of them.
What Exactly Is Commodities-API?
Commodities-API it’s a website where you can buy monetized data on coffee, cereals, and oils, among other things. It acquires them using an API, which takes less than a minute to set up after reaching out to financial institutions for collaboration.
What Are The Registration Procedures?
Commodities-API has the advantage of being very user-friendly. Take the following steps to accomplish this:
• Go to the website and create an account.
• Select a currency and product to offer.
• Create an API-request on the dashboard, and the program will answer with an API-response. You’re all set!
Is It Fully Secure?
Yes, the Commodities-API uses SSL encryption to safeguard web-to-web connections. This sort of security is used by financial institutions. This API then pulls data from financial institutions or the World Bank.
Is It Trustworthy?
The API can deliver real-time commodity data with a two-decimal-point precision and a frequency of 60 seconds. 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.
Is It Possible To Obtain Previous Month’s Reports?
Yes, prior to August 2021, you may examine reports for days, weeks, months, and even years on the site of Commodities-API. For that, navigate to the drop-down menu to do so.