Cotton plant owner and owner of a cotton factory in the Philippines said Thursday that he is closing his plant in order to cut supply to the country.
“We will be shutting down the plant and will be packing the plant,” said Jovie Ester, who has owned the plant since 2007.
He said he expects to receive orders for around 1.5 million tons of cotton.
Ester said he wants to send a letter to the Philippine president on March 18, urging the Philippines to lift its embargo on cotton.
“I hope President Duterte will listen to us and allow us to continue growing cotton here,” Ester said.
Ester also said he is negotiating with Chinese farmers to increase production to around 50 million tons a year.
China is the biggest buyer of Philippine cotton.
The Philippine government says the country is facing a crisis in its supply of cotton, as it imports more than 20 million tons.
President Rodrigo Duterte and China’s President Xi Jinping have both voiced concerns over the Philippines’ growing dependence on China.