Do you want to know palm oil real-time rates? Try using this API to achieve it.
Palm oil is a vegetable oil derived from the fruit of oil palm plants. It is utilized in food production, cosmetics, and as a biofuel. Furthermore, in 2014, palm oil accounted for approximately 33% of all global oils produced from oil crops.
There are two types of oil that can be produced: crude palm oil and palm kernel oil. Crude palm oil is obtained by squeezing the fleshy fruit, while palm kernel oil is obtained by crushing the kernel, or the stone in the middle of the fruit. Although Indonesia and Malaysia account for more than 85% of global production, there are 42 additional countries that produce palm oil.
Palm oil is included in almost everything, accounting for over half of all packaged products found in supermarkets, including food, personal hygiene, and cleaning products. In many places of the world, it’s also utilized in animal feed and as a biofuel.
If you’re serious about investing in this type of commodity, you’ll need to be aware of the most current market prices. There is an API that may be useful for your financial background in recognizing the many opportunities available in the stock market.
How To Get Palm Oil Rates?
Using an API is one of the simplest ways to access commodity rates nowadays. This is a user interface that captures the data the user has requested and delivers it to him or her almost instantaneously. This can refer to a variety of topics, and it is seen on the majority of the websites we visit on a daily basis.
To obtain access to an API, you must first locate software that does so. The majority of them are quite valuable and can make your job easier, especially given how quickly the sector moves. However, not every application can provide you with real-time Palm Oil rates, so be cautious to avoid losing money.
For this reason, we will utilize Commodities-API for this example because it’s the most user-friendly software available right now. This is a free program that counts a variety of currencies and commodities and provides data with a two-decimal point precision.
So, if you want to search Palm Oil Updated Rates, you must follow these steps:
1- Go to www.commodities-API.com and sign in to obtain your personal API key.
2- Look for the symbols of Palm Oil and the currency you wish for.
3- Once you find both of them, make the API call.
4- The program will respond with a JSON response that you can adapt and use however you like.
How Does This Work?
This program obtains data from banks and the stock market through an API, making it totally trustworthy. It then provides you with this data, which is accurate to two decimal places and adaptable to JSON, PHP, and Python. Furthermore, Commodities-API protects your connection with bank-grade 256-bit SSL encryption.
Moreover, Commodities-API supports rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, gold, silver, and a variety of other commodities and currencies.
Also published on Medium.