- Whisk together sweetened condensed milk and milk in a medium saucepan. Add rice, cocoa powder and vanilla extract, and mix to combine.
- Bring mixture to a boil over medium heat, stirring frequently. Reduce to a simmer and cook 8-10 minutes or until thickened. Serve at desired temperature.
- Tip: For a pretty presentation, garnish with a dollop of whipped cream and a dusting of cocoa