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TRADE ACCOUNTS PAYABLE (Tables) | 6 Months Ended
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Jun. 30, 2020
TRADE ACCOUNTS PAYABLE |
Schedule of trade accounts payable |
|  | June 30, |  | December 31,
|  | 2020 |  | 2019
In local currency |  |  |  |
Related party (note 11.1) (1) |  | 1,448 |  | 2,478
Third party |  | 1,588,280 |  | 1,288,774
In foreign currency |  |  |  |
Third party (2) |  | 491,805 |  | 1,085,207
|  | 2,081,533 |  | 2,376,459
| 1) |  | The consolidated balance refers to transactions with Ibema, in the domestic market, which are not eliminated in the consolidated as there is no control of the operations of these entities by the Company.
| 2) |  | The Company had a take or pay agreement with Klabin S.A., under conditions differentiated in terms of volume, exclusivity, guarantees and payment terms in up to 360 days, and prices were practiced under conditions of contractually established. Following the requirements imposed by the European Union's competition authority, the contract with Klabin expired in July 2019. For the six-month period ended June 30, 2020, the amount of R$30,165 in the consolidated refers to purchases of Klabin's pulp.

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