The Collaborative International Dictionary of English v.0.48:

Stacte \Stac"te\ (st[a^]k"t[-e]), n. [L., fr. Gr. stakth`,
   strictly fem. of stakto`s oozing out in drops, fr. sta`zein
   to drop.]
   One of the sweet spices used by the ancient Jews in the
   preparation of incense. It was perhaps an oil or other form
   of myrrh or cinnamon, or a kind of storax. --Ex. xxx. 34.
   [1913 Webster]

WordNet (r) 3.0 (2006):

stacte
    n 1: (Old Testament) one of several sweet-smelling spices used
         in incense