The mixture should reduce by half and thicken.
Remove from heat and stir in the butter and vanilla extract (if using).
Let the condensed milk cool completely before transferring it to an airtight container. Store in the refrigerator for up to two weeks.
Prep Time: 5 minutes | Cooking Time: 40 minutes | Total Time: 45 minutes
Kcal: 130 kcal per 2 tablespoons | Servings: 16 servings (2 cups)
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