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FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT - Outstanding of assets and liabilities derivatives positions (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)
Debt hedge        
Financial Instruments and Risks        
Fair value   (8,285,547)   (2,154,474)
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)    
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   (76,617)   (92)
Assets | Debt hedge        
Financial Instruments and Risks        
Fair value   436,940   25,887,797
Assets | Debt hedge | Swap CDI x Fixed (U.S.$)        
Financial Instruments and Risks        
Notional amount   9,963,450   11,498,565
Fair value   511   11,673,117
Assets | Debt hedge | Swap Pre-Fixed to U.S.$ (U.S.$)        
Financial Instruments and Risks        
Notional amount | $ 1,317,226   1,317,226  
Fair value   122,341   1,478,336
Assets | Debt hedge | Swap LIBOR x Fixed (U.S.$)        
Financial Instruments and Risks        
Notional amount | $ 3,683,333   2,750,000  
Fair value   62,489   11,063,970
Assets | Debt hedge | Swap IPCA x CDI        
Financial Instruments and Risks        
Notional amount | $ 943,055   933,842  
Fair value   251,599   1,093,067
Assets | Debt hedge | Swap IPCA x U.S.$        
Financial Instruments and Risks        
Notional amount | $ 504,368   499,441  
Fair value       579,307
Liabilities | Swap IPCA x CDI        
Financial Instruments and Risks        
Notional amount | $ 843,845   843,845  
Fair value       (859,812)
Liabilities | Debt hedge        
Financial Instruments and Risks        
Fair value   (8,722,487)   (28,042,271)
Liabilities | Debt hedge | Swap CDI x Fixed (U.S.$)        
Financial Instruments and Risks        
Notional amount | $ 2,676,617   3,115,614  
Fair value   (6,454,760)   (13,613,469)
Liabilities | Debt hedge | Swap LIBOR x Fixed (U.S.$)        
Financial Instruments and Risks        
Notional amount | $ 350,000   350,000  
Fair value   (759,431)   (1,511,347)
Liabilities | Debt hedge | Swap LIBOR x Fixed (U.S.$)        
Financial Instruments and Risks        
Notional amount | $ 3,683,333   2,750,000  
Fair value   (1,335,739)   (11,508,880)
Liabilities | Debt hedge | Swap IPCA x U.S.$        
Financial Instruments and Risks        
Notional amount | $ $ 121,003   $ 121,003  
Fair value   R$ (172,557)   R$ (548,763)