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TRADE ACCOUNTS PAYABLE
 12 Months Ended
Dec. 31, 2020
TRADE ACCOUNTS PAYABLE  
TRADE ACCOUNTS PAYABLE

17.TRADE ACCOUNTS PAYABLE

 

 

 

 

 

 

 

  

December 31,

  

December 31,

 

    

2020

    

2019

In local currency

 

   

 

   

Related party (note 11.1) (1)

 

2,849

 

2,477

Third party

 

1,865,632

 

1,288,775

In foreign currency

 

   

 

   

Third party (2)

 

492,617

 

1,085,207

 

 

2,361,098

 

2,376,459

1)

The balance refers to transactions with Ibema and Nemonorte, entities that are not consolidated by the Company.

2)

The Company had a take or pay agreement with Klabin S.A., following the requirements imposed by the European Union's competition authority, this contract expired in July 2019. On December 31, 2019, the amount of R$936,887 in the consolidated refers to purchases of Klabin's pulp.