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TRADE ACCOUNTS PAYABLE | 12 Months Ended
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Dec. 31, 2022
TRADE ACCOUNTS PAYABLE |
TRADE ACCOUNTS PAYABLE |
17. | TRADE ACCOUNTS PAYABLE
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​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
In local currency | ​ | ​ | ​ | ​
Related party (Note 11.1) (1) | ​ | 3,776 | ​ | 6,288
Third party (2)(3) | ​ | 4,171,988 | ​ | 2,677,052
In foreign currency | ​ | ​ | ​ | ​
Third party (3) | ​ | 2,030,806 | ​ | 605,557
​ | ​ | 6,206,570 | ​ | 3,288,897
​
1) | The balance refers mainly to transactions with Ibema Companhia Brasileira de Papel.
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2) | Within the balance of suppliers, there are values under supplier finance arrangement that were subject to anticipation with financial institutions at the exclusive option of certain suppliers, without changing the originally defined purchase conditions (payment terms and negotiated prices). The balance related to such operations on December 31, 2022 is R$416,643 (R$180,075 at December 31, 2021).
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3) | Variation refers mainly to the balance of suppliers of the Cerrado Project, of which R$625,645 in local currency and R$1,370,833 in foreign currency.

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