Caranda palm, scientifically known as Copernicia alba, is a species of palm tree native to South America. This palm tree is characterized by its tall stature, large leaves, and white trunk, making it an eye-catching addition to any landscape. Although it may be commonly referred to as the Caranda palm, this tree is also known as the Carnauba palm, wax palm, and Brazilian wax palm. The Carnauba palm earns its name from the valuable wax made from its leaves while the term wax palm is due to its commercial use in wax production. Whatever name it goes by, the Caranda palm remains a remarkable species in the world of palms.