Commodity Price Data Platforms

What are Commodity Price Data Platforms?

Commodity price data platforms are digital tools that deliver real-time, delayed, end-of-day, and historical data on raw materials and financial products. These platforms help traders, analysts, and institutions monitor prices, identify trends, and make decisions. Many also provide analysis tools and APIs for use in dashboards, research, and reports.

1. NCDEX (National Commodity & Derivatives Exchange)

An Indian commodity exchange that offers real-time, delayed, and historical data on agricultural and other commodities. It supports traders, analysts, and businesses active in India’s domestic markets. The platform makes it easy to track market trends, compare prices, and make informed decisions all in one place.

1. Data Subscription Types

• Real-Time Data: Provides live prices of commodity futures and options.
• Delayed Data: Market data delayed by 2–10 minutes.
• End-of-Day (EOD) Data: Daily summary containing closing prices.
• Historical Data: Past trading records, full order book, and spot prices.
  

2. Subscription Fees

Fees vary by data type, source, and usage model (non-display or redistribution). Current tariffs from ncdex.com and the New York Stock Exchange:

Note: Fees depend on location and usage type.

3. Data Delivery & Integration

Supported methods include:

• Direct exchange feed 
• API access 
• Downloadable reports 
• Third-party vendor integration 

4. Additional NCDEX Details

• Membership requires an admission fee of approximately $6,000 USD and an interest-free deposit of approximately $12,000 USD.
• Updated tariffs are officially published during April–May 2025.

2. Trading Economics API

A global economic data platform that offers fast API access to real-time and historical data on commodities, economic indicators, and macroeconomic trends. 

It helps developers and analysts quickly find and use reliable data for research, reporting, and application development. Built for accuracy and speed, it supports users in making informed decisions with less effort.

As of July 2025, Trading Economics offers three tiers of API Plan. Annual subscriptions include 2 free months. Prices are current from the API portal.

Features included in all plans:

• Commercial-use license
  
• Premium support
  
• Access to the latest price, historical data, conversions, time-series, fluctuations, OHLC
  
• Commodity futures data
  

Additional charges: $0.064987 per extra API call.

Custom Symbol Integration: New symbols and commodity data added within 1–2 months.

3. Commodities‑API

Commodities‑API offers real-time and historical data for over 600 global commodities. It’s built for developers who need fast, scalable access to accurate market data. Finance apps, trading platforms, and data dashboards use it every day.

1. Data Subscription Types

• Real-Time Data: Get live market prices updated every 60 seconds or every 10 minutes, depending on your plan.
• Historical Data: Analyze past market trends with access to detailed historical price data.
• Fluctuation and Conversion Data: Track price movements and convert between multiple currencies easily.

2. Subscription Fees (Monthly Plans)

Additional Charges: $0.064987 per API call after the monthly limit is exceeded.

3. Data Delivery & Integration

• REST API secured with HTTPS
  
• JSON format for easy parsing
  
• Endpoints for live prices, historical data, and currency conversions
  
• Supports Python, JavaScript, PHP, and more
  

4. Additional Commodities‑API Details

• Tracks over 600 commodities, including gold, oil, grains, and metals
  
• Supports multiple currencies and includes real-time forex data
  
• Suitable for solo developers and large teams needing fast, steady data

4. S&P Global Commodity Insights

S&P Global Commodity Insights is trusted for its reliable market pricing and data. Governments, traders, and businesses use it to make informed decisions based on accurate benchmarks and forecasts.

1. Data Subscription Types

• Benchmark Price Assessments: Reference prices used in real trades and contracts
  
• Real-Time and End-of-Day Data: Access fresh or closing market data via multiple channels
  
• Analytical Reports and Forecasts: Get insights into market trends and future prices
  
• Historical Data Access: Search past data for market research and model building
  

2. Subscription Fees

Note: Pricing is customized based on user location, usage model (display vs. redistribution), and required data scope.

3. Data Delivery & Integration

• REST API
  
• Excel plug-ins and FTP
  
• Web dashboards (e.g., Platts Connect)
  
• Works with Bloomberg, Refinitiv, and enterprise systems
  

4. Additional Details

• Over 15,000 daily price assessments
  
• Used in contracts, futures, and compliance reporting
• Includes data on emissions, carbon, and energy transition

5. CME Group Market Data

CME Group is one of the world’s largest derivatives marketplaces, offering comprehensive market data across asset classes such as agriculture, energy, metals, interest rates, equities, and foreign exchange. It supports institutional and algorithmic traders with robust, low-latency data feeds.

1. Data Subscription Types

• Real-Time Data: Access live market activity, including order books and trade volumes
  
• Delayed and End-of-Day Data: For display or research purposes
  
• Historical Data: Get tick-level or summary data via cloud or on-demand platforms

2. Subscription Fees

Note: Pricing may differ based on user classification (professional vs. non-professional), data usage (display vs. non-display), and geographic license.

3. Data Delivery & Integration

• WebSocket and REST APIs
  
• Cloud access via CME DataMine and Google Cloud
  
• Direct feeds and co-location options
  
• Works with major trading and data platforms
  

4. Additional Details

• Covers CME, CBOT, NYMEX, and COMEX exchange markets.
  
• Offers sub-second latency updates for real-time applications.
  
• Widely used in algo-trading, risk management, and market surveillance systems.

Trends and Forecasts

1. Data Pricing Trends

Research shows average pricing for data subscriptions:

• Live data: approximately $1,400/month
  
• Static datasets: approximately $2,200 one-time cost

These prices vary based on data type, update frequency, and delivery method. Here’s how major platforms compare:

• NCDEX offers lower-cost access, especially for users focused on India.
  
• Trading Economics and Commodities‑API provide scalable, developer-friendly APIs.
  
• S&P Global and CME Group charge more due to broad global coverage and institutional reliability.

2. Commodity Forecasts

Need to know where prices are heading? These platforms deliver forecasts that help with decision-making:

• Trading Economics covers commodities like gold, silver, copper, and iron ore.
  
• S&P Global Commodity Insights offers forward curve data and supply/demand analysis.
  
• CME Group provides real-time futures curve analysis with data from active order books.

3. Global Data Compliance

Compliance matters—especially for institutional users:

• NCDEX meets Indian regulatory standards.
  
• Trading Economics, Commodities‑API, S&P Global, and CME Group all follow international data governance rules.
  
• S&P Global and CME Group are also regulated in multiple countries due to their benchmark roles.

Conclusion

Choosing a commodity data platform depends on your specific use case. You may need it to track agricultural trends in India, build a basic app, or run high-frequency trades. Each provider has different strengths in market coverage, data delivery, and user interface.

This guide shows which platform fits different user types, including developers, small teams, institutional traders, and analysts.

Below is a brief summary of each platform and its main use case: