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1. Heat oil in saucepan over medium heat. Cook coconut, stirring, until golden brown - about 7 minutes.
2. Set aside 2 Tbsp. coconut. Stir rice into pan with remaining coconut. Add water and salt, and bring to a boil. Cover and simmer on low heat until water is absorbed and rice is tender - about 20 minutes.
3. Garnish with reserved coconut and the scallions.