PANOCHA CANDY. Three and a half cups brown sugar, r cup milk, i tablespoon chocolate, i cup chopped walnuts. Cook about of an hour with a moderate. Mexican Spanish panocha raw sugar, from Spanish, ear of maize, ultimately It is actually fudge made usually of brown sugar, butter, cream or milk, and nuts. In the American Southwest & Mexico, "panocha" is a type of brown sugar. Stirring constantly, cook brown sugar, syrup, butter, & evaporated milk over medium.