Mighty Corp., a Bulacan based tobacco manufacturer in the country announced that they are pursuing to buy 10 million kilograms of tobacco products worth millions of pesos from farmers in Northern Luzon.
In the letter of intent that Mighty executive vice president Oscar Barrientos sent to National Tobacco Administration administrator Edgardo Zaragoza says that the company will buy tobacco from farmers 100 percent more than the five million kilograms his firm bought in 2013.
“This is to assure our tobacco farmers of our willingness to help in response to the published report of the market leader in the tobacco industry to lessen production this year,” Barrientos said.
Mighty Corporation has been importing raw materials from foreign countries at low prices and is no longer buying tobacco from local farmers.
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