Copernicia alba

Copernicia alba is a South American species of palm tree, which is found in the Humid Chaco ecoregion in Bolivia, Paraguay, Colombia, Brazil (in the states of Mato Grosso and Mato Grosso do Sul) and Argentina (especially the province of Formosa, and less abundantly towards drier areas). They often, but not always, form dense single-species woodlands. Its common names in Spanish show the various colours (and technical qualities) that the trunk takes according to its environment: palma blanca, palma negra, palma colorada ("white", "black", and "red" palm, respectively). In Guaraní, it is called caranday, "water palm". Its English trade name is wax palm or caranday wax palm (it belongs to the same genus as the Carnauba wax palm)....read more on Wikipedia.