Can I make this on the stovetop?

I'm still testing this method. So far in my tests, it's mushier and a less than ideal texture.

Can I leave out the sugar?

You can, but the addition of the sugar brings out the coconut flavor. Make sure the coconut milk doesn’t have sugar or sugar substitute in it.

Instant Pot Coconut Rice

Name: Instant Pot Coconut Rice
Prep time: 5 min
Cook time: 14 min
Total time: 29 min
Cuisine: Asian
Ingredients: 2 cups jasmine rice (sub: basmati rice); 1 (13.5-ounce) can unsweetened coconut milk (1 3/4 cups; get the full-fat version); 1/2 cup water; 3/4 teaspoon Kosher salt; 1 teaspoon sugar (optional); Optional garnishes: fresh lime juice, chopped cilantro, toasted unsweetened coconut

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Instant Pot Coconut Rice

Making Instant Pot Coconut Rice has never been easier! We’ve nailed the ideal texture—light, fluffy, and infused with just the right amount of coconut flavor.

Yield: 8 servings (3/4 cup) 1x

Prep: 5 minutesCook: 14 minutes (plus another 10 minutes to come to pressure)Total: 29 minutes

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Ingredients

2 cups jasmine rice (sub: basmati rice)
1 (13.5-ounce) can unsweetened coconut milk (1 3/4 cups; get the full-fat version)
1/2 cup water
3/4 teaspoon Kosher salt
1 teaspoon sugar (optional)
Optional garnishes: fresh lime juice, chopped cilantro, toasted unsweetened coconut

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Instructions

Rinse Rice: Place the rice in a fine mesh strainer and run cold water over it until the water runs clear (about 1-2 minutes). This prevents the rice from being too sticky.
Add to Instant Pot: Add the coconut milk, water, salt, and optional sugar and whisk until combined. Stir in the rice.
Pressure Cook: Lock and seal the lid. Cook at high pressure for 4 minutes. Then, let the pressure release naturally for 10 minutes (don’t touch it), then manually release any remaining pressure.
Fluff & Serve: Fluff the rice with a fork. Taste and season with more salt, if desired. Optional garnish: Squeeze fresh lime juice over the rice and top with chopped cilantro and/or toasted unsweetened coconut.

Notes/Tips

It takes 9-10 minutes to come to pressure.
The addition of the sugar brings out the coconut flavor.
Use full-fat coconut milk for the best flavor and creaminess. Also, make sure it doesn’t have sugar or sugar substitute in it.

Cuisine: Asian Method: Instant Pot

Find it online: https://thrivinghomeblog.com/instant-pot-coconut-rice/