From A Wiki in the Desert
Information taken from T6 wiki.
Coconut Palm resin is used in a Scent Lab to create Incense.
At least 1 Wood is produced by this tree. More if you are carrying a Hatchet.
Coconuts may be gathered from this tree. Once coconuts are gathered from the tree they accumulate again at the rate of 1 per teppy hour. The maximum number of coconuts that will accumulate on a tree is 100. Coconuts have Weight 1 and Bulk 3.