Are you thinking of investing in the cotton market? Here we recommend some APIs that will help you do it!
Cotton is a fluffy staple fiber that forms around the seeds of cotton plants in a boll, or protective casing. Cotton is a staple of our everyday lives (just look at your clothes tag!) and the source of income for 100 million rural households in 75 nations across the world. Cotton producers in many nations, however, may as well be giving the shirt off their backs due to price wars and a living below the poverty line. Cotton is the most significant crop in the worldwide textile industry, which is unsurprising.
Cotton is all about the worldwide price tag, which may frequently draw a slew of complications when a commodity is in such great demand. Currently it is estimated that the cotton production it´s 25 million tonnes or 110 million bales annually, accounting for 2.5%.
Countries like New Zealand, which is one of the new growing producing countries, urges its farmers to continue harvesting atypical and ecological products, this is evidenced in the new economic interest of investors in cotton production carried out by small family farms.
If you are looking to invest in New Zealand smallholder cotton farmers, these three APIs can help.
Commodities-API
It appears to be the most cost-effective option. This is a website where you can keep track on the prices of various things. Finally, you’ll be able to calculate and convert rates to your favorite currency with pinpoint accuracy. This web API provides reliable rate data for a wide range of commodities in a variety of currencies. Commodities-API began as a modest, minimalist Open-Source API for financial institutions’ recent and historical commodity prices. We highlight two of its best benefits:
- Accurate, the API can provide real-time commodities data with a two-decimal point precision and a refresh rate of every 60 seconds. Commodities-API is designed on a solid back-end architecture that enables for response times of less than 50 milliseconds for API calls that are described. Only a few of the operations include delivering commodities exchange rates, changing single currencies, and giving Time-Series and Fluctuation data.
- Secure, the Commodities-API uses bank-grade 256-bit SSL encryption to protect your connection. Thousands of developers, small enterprises, and large organizations utilize Commodities-API on a regular basis. This API is the most popular site for commodity rates because of its reliable data sources and 6+ years of experience.
Barchart
One of the earliest sites to deliver commodities and futures market data was Barchart. Is an international financial technology company that provides market data and services to the financial, media, and commodities industries. It gives you the commodity prices you need, when you need them, and it gets them to you right now. These commodity data APIs are easy to use, adaptable, and available on demand.
Commo-Prices
CommoPrices provides data that is trustworthy, accurate, and current. They provide a diverse selection of commodities and raw materials. A market’s liquidity is proportional to the amount of data it contains. You may find out more by visiting www.api.commoprices.com and looking for the commodity you’re interested in. For security reasons, they use HTTPS to encrypt requests between your browser and their servers.