Do you want to know how much rice costs in Japanese Yen? Make use of an API!
Rice is a cereal grain consumed by more than half of the world’s population, with the majority of rice consumed in Asia, Latin America, and Africa. After sugarcane and maize, it is the world’s third-most-produced agricultural crop. It is also the most significant crop for human nutrition and caloric consumption, accounting for more than one-fifth of the calories consumed globally.
Flooding the fields during or after the establishment of young seedlings is how this product is typically grown. This basic strategy demands precise watering planning, but it also deters rodents and hinders the growth of weaker weed and pest plants that do not have a submerged growing condition. Although flooding is the most effective and successful method for rice production, it is not required.
China, which is closely followed by India, is the country that produces the most rice. In 2019, these two countries produced 200 and 177 million tons of grain, respectively. As you can see, the rice market moves at a breakneck pace every day, causing its price to fluctuate by the hour.
As a result, staying up to speed on rice rates in Japanese Yen could be critical if you want to make wise investing decisions. If you don’t keep an eye on the commodity and observe how it performs in the market, you can wind up with poor outcomes and lose money.
This can be done with the use of an API, which is a user interface that accepts data from a location and sends it to the person who initiated the API request. This is popular on many websites and can be very useful when you need current information quickly.
What is an API?
You will obtain data in a matter of seconds after sending a request to an API (or, more correctly, making an API call). Depending on the API, this response is sent in a variety of computer languages, including JSON, PHP, and Python.
In this sense, Commodities-API, a programmatic interface that retrieves data from a location and returns it to the user who initiated the API call, is a good place to start if you’re looking for rice rates in Japanese Yen.
Why Commodities-API?
Commodities-API is a service that allows you to track the prices of several products, including rice. You’ll be able to forecast prices and convert them into your preferred currency this way. This platform also supports wheat, coffee, corn, sugar, cotton, Brent crude oil, WTI crude oil, and a variety of other commodities.
Commodities-API is software that collects and verifies data from banks and the stock market. When you make an API request, the data is returned in a variety of programming languages with a 2 decimal point precision. Furthermore, this application protects your connection with bank-grade 256-bit SSL encryption.
Moreover, the same API endpoints are used for currency and commodity price conversions, and they can be used to convert any amount between currencies, commodities, or any currency to any currency.
How does it work?
Follow these steps to access the API for rice rates in Japanese Yen:
1- To receive your own API key, go to www.commodities-API.com.
2- Find the symbols you’d want to put to the test (RICE and JPY)
3- Locate the commodity and money in the list using these symbols. Make the API call once you’ve decided on them.
4- Look for the latest up-to-date prices. The website will provide you with an API in a variety of computer languages that you can alter and use as you see fit.
Also published on Medium.