I think 20 PHP per kilogram of rice is really possible. If it's possible for the government to fully fund rice farming and they would also be the one to buy the harvested rice they could sell it on what prices they want. And I know all Rice Traders will not be happy if this happens but I think it's the most direct way for the price of rice to drop to 20PHP per kilo.
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Traders will be furious but they will find other ways to make money.