Put all the ingredients in a pot over medium heat, stir until the sugar is dissolved. Reduce heat to low.
Continue cooking until the milk has reduced and begins to thicken, the color will begin to change from a creamy beige to a caramel hue - it will take between 2 ½ hours and 3 hours for the dulce de leche to be ready.
During the first hour and a half, you will have to stir from time to time to prevent the milk from overflowing and sticking. During the last hour, you have to stir constantly and be careful so that it does not burn.
Dulce de leche can be served hot or cold and should be kept refrigerated.
Notes
It thickens more when it cools.
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