A big part of the world hates to think about waking up in the morning and not having a cup of coffee. This is a brewed drink made out of roasted coffee beans that has a stimulating effect because of its caffeine content. The amount of variety of ways it can be presented is infinite since every year people experiment more with it.
So, knowing that it is one of the most popular drinks in the world, how it’s its worldwide production? In 2019, Brazil was the world’s largest coffee producer, with almost 45 million 60-kilogram bags produced. This is no surprise because Brazil has been topping this position for over 150 years. It is followed by Vietnam, with over 25 million, and Colombia, with almost 14 million.
Seeing that this is an industry that moves so much money and changes constantly, you need to stay updated with coffee rates every hour if you are looking for investing in it. For that, we recommend you Commodities-API, an online free API that gives you real-time data on commodity rates, such as coffee, rice, sugar, and wheat, among others.
How Does It Work?
Commodities-API data can be delivered in any currency you want, with a precision of 2 decimal points, from a large list of over 170 options. You can also get 60-second data updates and make 100.000 API calls per month. To get the data, first, log in to the website, get an API key, and then choose the currency and commodity you want. That’s all there is to it, and you can do whatever you want with the API.
Can I Convert Currencies And Commodities?
The same API endpoints are used to convert currency and commodity prices, and they may be used to convert any amount from one currency to another, as well as from one commodity to any commodity and any currency to any currency.
Our API returns midpoint data for all commodities and currency rates. The average median rate of Bid and Ask at a given period is used to calculate midpoint rates.
Where Does The Information Come From?
Commodities-API gathers data from banks and the stock market and then utilizes it to provide you with the most trustworthy and secure data. Apart from that, this API employs bank-grade 256-bit SSL encryption, ensuring that your connection remains safe at all times.
If you want more information, check the website here.
Also published on Medium.