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FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT - Derivatives outstanding by type of contract (Details)
R$ in Thousands, $ in Thousands
Jun. 30, 2020
USD ($)
Jun. 30, 2020
BRL (R$)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
BRL (R$)
Financial Instruments and Risks        
Fair value   R$ (10,819,895)   R$ (1,818,941)
Operational Hedge        
Financial Instruments and Risks        
Fair value   (2,979,804)   67,078
Operational Hedge | Zero cost collar (U.S.$ x R$)        
Financial Instruments and Risks        
Notional Amount | $ $ 3,365,500   $ 3,425,000  
Fair value   (2,948,115)   67,078
Operational Hedge | NDF (R$ x US$)        
Financial Instruments and Risks        
Notional Amount | $ 25,000      
Fair value   (29,511)    
Operational Hedge | NDF (US$ x ARS)        
Financial Instruments and Risks        
Notional Amount | $ 5,500      
Fair value   (2,178)    
Debt hedge        
Financial Instruments and Risks        
Fair value   (8,285,547)   (2,154,474)
Debt hedge | Interest hedge | Swap LIBOR x Fixed (U.S.$)        
Financial Instruments and Risks        
Notional Amount | $ 3,683,333   2,750,000  
Fair value   (1,273,250)   (444,910)
Debt hedge | Interest hedge | Swap IPCA x CDI        
Financial Instruments and Risks        
Notional Amount | $ 843,845   843,845  
Fair value   251,599   233,255
Debt hedge | Interest hedge | Swap IPCA x U.S.$        
Financial Instruments and Risks        
Notional Amount | $ 121,003   121,003  
Fair value   (172,557)   30,544
Debt hedge | Interest hedge | Swap CDI x Fixed (U.S.$)        
Financial Instruments and Risks        
Notional Amount | $ 2,676,617   3,115,614  
Fair value   (6,454,249)   (1,940,352)
Debt hedge | Interest hedge | Pre-fixed Swap to U.S.$ (U.S.$)        
Financial Instruments and Risks        
Notional Amount | $ 350,000   350,000  
Fair value   (637,090)   (33,011)
Commodity hedge        
Financial Instruments and Risks        
Fair value   445,456   268,455
Commodity hedge | Swap US-CPI (standing wood)        
Financial Instruments and Risks        
Notional Amount | $ 657,207   679,485  
Fair value   522,073   268,547
Commodity hedge | Swap Bunker (oil)        
Financial Instruments and Risks        
Notional Amount | $ $ 87,486   $ 365  
Fair value   R$ (76,617)   R$ (92)