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 Indonesia Commodity and Derivatives Exchange Indonesia Commodity and Derivatives Exchange (ICDX) () is the commodity and derivatives based exchange in Indonesia. Indonesia Commodity and Derivatives Exchange (ICDX), also known as PT. Bursa Komoditi dan Derivatif Indonesia (BKDI) is the Internationally known commodity and derivatives based exchange in Indonesia. Indonesia is the largest producer in the world for many prime commodity products in the soft agricultural, metal and energy sectors. ICDX is an Exchange supported by its members who are brokers and traders approved by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi or Commodity Futures Trading Authority (CoFTRA)). The member of ICDX