The Collaborative International Dictionary of English v.0.48:

Palmitic \Pal*mit"ic\, a. (Physiol. Chem.)
   Pertaining to, or obtained from, palmitin or palm oil; as,
   palmitic acid (C16H32O2), a white crystalline substance
   belonging to the fatty acid series. It is readily soluble in
   hot alcohol, and melts to a liquid oil at 62[deg] C.
   [1913 Webster]