Elaeis guineensis originally grew in West Africa. The southern coast of Nigeria was originally called the Palm oil coast by the first Europeans who arrived there and traded in the commodity. This area was later renamed the Bight of Biafra. In traditional African medicine different parts of the plant are used as laxative and diuretic, as a poison antidote, as a cure for gonorrhea, menorrhagia, and bronchitis, to treat headaches and rheumatism, to promote healing of fresh wounds and treat skin infections. In Malaysia, the first plantations were mostly established and operated by British plantation owners, such as Sime Darby and Boustead,
Indonesia Commodity and Derivatives Exchange facilitates services clients’ transactions overing ICDX products. Trading in ICDX will be settled, guarantee and cleared by Indonesia Clearing House (ICH). ICDX membership consists of traders, brokerage firms, and foreign traders (remote members). All members have an option as the Exchange clearing members. ICDX offers a wide range of commodity products which includes the three major groups of commodities: Metals, Soft Agricultural Products, and Energy. More products will be added to ICDX’s growing list of products in phases. Indonesia ICDX has launched: - Delivery - Non delivery ICDX Indonesia Commodity and Derivatives Exchange Indonesia Commodity and Derivatives Exchange (ICDX) ()