Elaeis guineensis standing unplanted in Indonesia, tropical hardwood forests are being cleared for palm oil plantations. Furthermore, as the remaining unprotected lowland forest dwindles, developers are looking to plant peat swamp land, using drainage that begins an oxidation process of the peat which can release 5,000 to 10,000 years worth of stored carbon. Drained peat is also at very high risk of forest fire. There is a clear record of fire being used to clear vegetation for oil palm development in Indonesia, where in recent years drought and man-made clearances have led to massive uncontrolled forest fires, covering parts of Southeast Asia
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) ()