To get Australian daily grain prices, check out this commodities prices API!
The objective of the report is to present a comprehensive analysis of the global Grain Analysis Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
A Short Market Overview
The Europe region held the largest market share of 48% in 2021. Europe has strict regulations for monitoring grain used in both human and animal food and feed. The Europe region has the largest number of testing laboratories among all other regions and tests the largest number of grain samples. All these factors make the Europe region the market leader with the largest market shares. Asia Pacific is expected to grow at a significant CAGR of 5.8% during the forecast period as Asia Pacific is the largest producer of cereals. Increase in population leads to increase in demand for grains.
Some countries such as China and India are the largest consumers and producers in this region. The increasing number of grains leads to an increase in the distribution, procurement and storage of grains. To ensure the quality and safety of the grain, the government has issued some regulations and standards. Therefore, Asia Pacific is expected to witness significant growth in the grain analysis market during the forecast period.
How Can Prices Fluctuate?
Weather and harvesting reports can lead to large price fluctuations for grains and oilseeds, for example, and affect contract values differently depending on the delivery date. Hard commodities are better defined than soft commodities. Grown commodities are the best way to understand soft commodities.
Coffee, chocolate, orange juice, sugar, canola, corn, lumber, wheat, lean hogs, beef cattle and other crops all have a life cycle that ends with harvest. If you want to invest in any of these commodities, you need to use the Commodities API platform, which works through an API.
About Commodities-API
Commodities API is, as the name implies, is an API. Thanks to this impressive system, you will be able to update the information about commodity prices every minute. Moreover, the prices are provided not only in real time, but also with an accuracy of 2 decimal places and a frequency of up to 60 seconds.
Use it following these steps:
– Go to www.commodities-API.com
– Generate the API key.
– Log in with your personal information (and financial information if you want to pay) and then choose a plan. Currently, Commodities-API has 3 plans: free, basic and professional. Take a close look at the differences between each plan and choose the one that best suits your needs.
– When you are done with the above steps, select the symbols of the commodities you want and then the currency in which you want to see your prices. There are 170 coins available.
– Once you have selected, make the API call.
– As for the programming language, you have the option of using the JSON or PHP format.
Read and learn more about this fantastic API here:
Use An API To Obtain Commodities Spot Prices In 2022 – TheStartupFounder.com
Also published on Medium.