Mix guava nectar, condensed milk and red food color in a medium mixing bowl until smooth.

Pour mixture into popsicle molds, stop at the liquid marker since liquid expands as it freezes.

If using wooden popsicle sticks instead of the plastic sticks that come with the molds, freeze for 1 hour until the mixture set but not completely frozen.

Carefully add wooden stick in the middle, it should be able to stand straight. Place back in the freezer and freeze overnight or until completely frozen.

To unmold popsicle, place it under running warm water for a few seconds to loosen.