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BIOLOGICAL ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of detailed information about biological assets [abstract]  
Schedule of changes in balances of biological assets
December 31, 2023December 31, 2022
Opening balance14,632,186 12,248,732 
Additions5,777,952 4,957,380 
Depletions(3,680,997)(3,665,057)
Transfers(136,297) 
Gain on fair value adjustments1,989,831 1,199,759 
Disposals(128,370)(82,331)
Other write-offs(175,723)(26,297)
Closing balance18,278,582 14,632,186 
Schedule of assumptions used in calculation of fair value of biological assets
December 31, 2023December 31, 2022
Planted useful area (hectare)1,094.611 1,097.081 
Mature assets144.942 134.752 
Immature assets949.669 962.329 
Average annual growth (IMA) – m3/hectare/year
37.92 37.07 
Average gross sale price of eucalyptus – R$/m3
96.04 90.16 
Discount rate - % (post-tax)8.80 %9.10 %
Schedule of fair value adjustment
December 31, 2023December 31, 2022
Physical changes and discount rate (1)
1,575,017 (37,088)
Price414,814 1,236,847 
1,989,831 1,199,759 
(1)Includes the variation of indicators: IMA, discount rate and area.
The Company manages the financial and climate risks related to its agricultural activities in a preventive manner. To reduce the risks arising from edaphoclimatic factors, the weather is monitored through meteorological stations and, in the event of pests and diseases, our Department of Forestry Research and Development, an area specialized in physiological and phytosanitary aspects, has procedures to diagnose and act rapidly against any occurrences and losses (Note 4.8).
The Company has no biological assets pledged for the year ended December 31, 2023 and the year ended December 31, 2022.