Add the jasmine rice, water, coconut milk, salt and sugar to the Instant Pot stainless steel inner pot.
Stir to mix the ingredients and make sure the rice is covered in the liquid.
Close the Instant Pot lid (make sure the valve is in the sealing position – up) and pressure cook on high for 4 minutes.
When the cooking time is finished, allow a natural release of pressure for at least 2 minutes.
To open the Instant Pot lid, move the valve to ‘venting’ and manually release any remaining pressure, if applicable.
Fluff the coconut rice with a fork.
Optionally, garnish with fresh, chopped cilantro.
Serve and enjoy!
Video
Notes
To avoid your rice drying out, when the cooking time is finished, I find it best not to leave rice in the Instant Pot on the ‘keep warm’ setting. You can simply remove the inner pot and serve immediately while the rice is still warm.
When storing cooked rice, you may want to include a tablespoon or two of water inside the storage container and cover the container with a paper towel to keep the coconut rice from drying out.
I like to mix jasmine and basmati rice in my Instant Pot for a light, yet slightly sticky rice!