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Easy
This is very similar to the Puerto Rican coconut sauce Bienmesabe though rather richer.
Make the coconut water up to ⅜ pint, adding plain water if necessary. Combine the coconut water and sugar in a saucepan and cook, stirring, until the sugar is dissolved. Continue cooking over brisk heat until the syrup reaches the soft ball stage, or 230°F on a sugar thermometer. Remove from the heat and pour in the coconut milk, stirring constantly. Beat the egg yolks lightly. Stir about ½ cup