Arabica coffee is the most popular variety of coffee in the world. It accounts for 60% of global coffee production. The Arabica coffee tree is native to Ethiopia, where it grows wild in forests at altitudes between 1,200 and 2,000 meters. However, Brazil currently produces more Arabica beans than any other country in the world. It was introduced in 1711 by Francisco de Mello Palheta, who was sent by the Portuguese king to establish diplomatic relations with the king of Congo.
The Arabica coffee market is growing at a steady pace. This is due to the increasing demand for coffee and its health benefits. In addition, Arabica coffee is easy to grow, which makes it a popular choice among farmers. As a result, knowing more about the Arabica coffee industry can aid in improving your business decisions and preventing significant losses. Using an Arabica coffee futures API is the most efficient and practical approach to completing this operation. This type of API typically uses artificial intelligence to cover various market data on Arabica coffee. Consider using a reliable API, such as the commodities API. Keep reading to find out more about it!
Commodities API
The commodities API is a great alternative to planning strategically for your company, you can use it to foresee negative developments in the Arabica coffee market. It offers several data sets, including the most recent rate prices, statistics on fluctuations, historical data, and more. By using this API to automate the collection of this data, insights can be gained more quickly and precisely.
Developers as well as conventional businesses could benefit from this API. By enabling them to utilize commercial services as opposed to having to construct them from scratch, it can save them time and money. Last but not least, be aware that this API offers data on a variety of different commodities and is not just focused on the Arabica coffee market.
Start Using The Commodities API
Remember that all you need to use the commodities API is an account. Only the Arabica coffee asset’s symbol, endpoint, and currency need to be specified to initiate an API request for the asset. After one final API call, wait for the response for a short period of time. You will see them right on your screen.
For instance, we were interested in learning more about Arabica coffee prices in September 2024. We thus opt for the “KCU24” sign, “Latest Rates” endpoint, and “USD” base currency. Below is the feedback we received:
{"data":{"success":true,"timestamp":1687219320,"date":"2023-06-20","base":"USD","rates":{"KCU24":0.0055096418732782},"unit":{}}}
A US dollar will be worth 0.0055096418732782 Arabica coffee units in September 2024, according to the answer given above.
The Arabica coffee market is dominated by a few players who control the supply chain. However, some small players are trying to gain an edge in this market. If you want to become an expert in this market, you should know that there are many opportunities available. The commodities API is a great alternative that can provide you with the latest information on the Arabica coffee market. Do not hesitate and try the commodities API now!
