XML 141 R133.htm IDEA: XBRL DOCUMENT v3.21.4
The financial instruments designated as cash flow hedges and fair value hedges for the commodities price exposure on September 30, 2021 are set forth below: (Details)
R$ in Thousands
9 Months Ended
Sep. 30, 2021
BRL (R$)
Number
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Derivative instrument, Fair value | R$ R$ (33,938)
Cash flow hedges [member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Derivative instrument, Fair value | R$ R$ 998
Cash flow hedges [member] | Nondeliverable Forward [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Maturity  4th Qtr. 2021 
Quantity 7,098,000
Exercise rate 8.8251
Derivative instrument, Fair value | R$ R$ 998
[custom:HedgingInstrumentAssetsHedgedObject]  USD 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  TRY 
Commodity price risk [member] | Cash flow hedges [member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Derivative instrument, Fair value | R$ R$ (50,542)
Commodity price risk [member] | Cash flow hedges [member] | Non Deliverable Forward Buy One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean meal purchase - floating price 
Index  Soybean meal - CBOT 
Maturity  4th Qtr. 2021 
Quantity 32,977,000
Exercise rate 417.29
Derivative instrument, Fair value | R$ R$ (9,400)
Commodity price risk [member] | Cash flow hedges [member] | Non Deliverable Forward Buy Two [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean meal purchase - floating price 
Index  Soybean meal - CBOT 
Maturity  1st Qtr. 2022 
Quantity 85,963,000
Exercise rate 412.66
Derivative instrument, Fair value | R$ R$ (21,089)
Commodity price risk [member] | Cash flow hedges [member] | Non Deliverable Forward Buy Three [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean meal purchase - floating price 
Index  Soybean meal - CBOT 
Maturity  2nd Qtr. 2022 
Quantity 184,877,000
Exercise rate 395.96
Derivative instrument, Fair value | R$ R$ (22,888)
Commodity price risk [member] | Cash flow hedges [member] | Non Deliverable Forward Buy Four [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean meal purchase - floating price 
Index  Soybean meal - CBOT 
Maturity  3rd Qtr. 2022 
Quantity 30,946,000
Exercise rate 387.86
Derivative instrument, Fair value | R$ R$ (1,943)
Commodity price risk [member] | Cash flow hedges [member] | Collar Buy [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean meal purchase - floating price 
Index  Soybean meal - CBOT 
Maturity  4th Qtr. 2021 
Quantity 9,989,000
Exercise rate 421.11
Derivative instrument, Fair value | R$ R$ (2,156)
Commodity price risk [member] | Cash flow hedges [member] | Collar Buy One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean purchase - floating price 
Index  Soybean - CBOT 
Maturity  4th Qtr. 2021 
Quantity 19,999,000
Exercise rate 458.84
Derivative instrument, Fair value | R$ R$ 172
Commodity price risk [member] | Cash flow hedges [member] | Non Deliverable Forward Buy Five [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - floating price 
Index  Corn - B3 
Maturity  3rd Qtr. 2022 
Quantity 2,025,000
Exercise rate 1,333.16
Derivative instrument, Fair value | R$ R$ (33)
Commodity price risk [member] | Cash flow hedges [member] | Collar Buy Two [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - floating price 
Index  Corn - B3 
Maturity  4th Qtr. 2021 
Quantity 13,230,000
Exercise rate 1,587.07
Derivative instrument, Fair value | R$ R$ 126
Commodity price risk [member] | Cash flow hedges [member] | Collar Buy Three [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - floating price 
Index  Corn - B3 
Maturity  1st Qtr. 2022 
Quantity 17,037,000
Exercise rate 1,683.33
Derivative instrument, Fair value | R$ R$ (303)
Commodity price risk [member] | Cash flow hedges [member] | Collar Buy Four [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - floating price 
Index  Corn - B3 
Maturity  2nd Qtr. 2022 
Quantity 7,992,000
Exercise rate 1,616.67
Derivative instrument, Fair value | R$ R$ (97)
Commodity price risk [member] | Cash flow hedges [member] | Collar Buy Five [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean oil purchase - floating price 
Index  Soybean oil - CBOT 
Maturity 4th Qtr. 2021
Quantity 2,994,000
Exercise rate 794.77
Derivative instrument, Fair value | R$ R$ 7,069
Commodity price risk [member] | Fair value hedges [member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Derivative instrument, Fair value | R$ R$ (15,298)
Commodity price risk [member] | Fair value hedges [member] | Nondeliverable Forward [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Maturity  4th Qtr. 2021 
Quantity 36,262,000
Exercise rate 5.3508
Derivative instrument, Fair value | R$ R$ (5,001)
Proctection (Investment)  Cost in USD 
Commodity price risk [member] | Fair value hedges [member] | Non Deliverable Forward Sell [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Soybean purchase - fixed price 
Index  Soybean - CBOT 
Maturity 1st Qtr. 2022
Quantity 15,000,000
Exercise rate 503.65
Derivative instrument, Fair value | R$ R$ 2,956
Commodity price risk [member] | Fair value hedges [member] | Non Deliverable Forward Sell One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - CBOT 
Maturity 4th Qtr. 2021
Quantity 179,299,000
Exercise rate 202.24
Derivative instrument, Fair value | R$ R$ (8,839)
Commodity price risk [member] | Fair value hedges [member] | Non Deliverable Forward Sell Two [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - CBOT 
Maturity 1st Qtr. 2022
Quantity 63,077,000
Exercise rate 200.41
Derivative instrument, Fair value | R$ R$ (4,783)
Commodity price risk [member] | Fair value hedges [member] | Non Deliverable Forward Sell Three [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - CBOT 
Maturity 2nd Qtr. 2022
Quantity 170,790,000
Exercise rate 216.20
Derivative instrument, Fair value | R$ R$ 59
Commodity price risk [member] | Fair value hedges [member] | Non Deliverable Forward Sell Four [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - CBOT 
Maturity 3rd Qtr. 2022
Quantity 39,995,000
Exercise rate 184.67
Derivative instrument, Fair value | R$ R$ (5,034)
Commodity price risk [member] | Fair value hedges [member] | Corn Future Sell [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 4th Qtr. 2021
Quantity 7,803,000
Exercise rate 1,562.51
Derivative instrument, Fair value | R$ R$ 186
Commodity price risk [member] | Fair value hedges [member] | Corn Future Sell One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 1st Qtr. 2022
Quantity 104,571,000
Exercise rate 1,631.40
Derivative instrument, Fair value | R$ R$ 2,488
Commodity price risk [member] | Fair value hedges [member] | Corn Future Sell Two [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 2nd Qtr. 2022
Quantity 9,882,000
Exercise rate 1,537.49
Derivative instrument, Fair value | R$ R$ 124
Commodity price risk [member] | Fair value hedges [member] | Corn Future Sell Three [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 3rd Qtr. 2022
Quantity 176,985,000
Exercise rate 1,339.50
Derivative instrument, Fair value | R$ R$ 1,459
Commodity price risk [member] | Fair value hedges [member] | Corn Future Sell Four [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 4th Qtr. 2022
Quantity 14,985,000
Exercise rate 1,350.41
Commodity price risk [member] | Fair value hedges [member] | Collar Sell [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 4th Qtr. 2021
Quantity 62,910,000
Exercise rate 1,649.32
Derivative instrument, Fair value | R$ R$ 4,350
Commodity price risk [member] | Fair value hedges [member] | Collar Sell One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 1st Qtr. 2022
Quantity 25,380,000
Exercise rate 1,567.91
Derivative instrument, Fair value | R$ R$ 248
Commodity price risk [member] | Fair value hedges [member] | Put Buy [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  Corn purchase - fixed price 
Index  Corn - B3 
Maturity 4th Qtr. 2021
Quantity 5,994,000
Exercise rate 1,616.67
Derivative instrument, Fair value | R$ R$ 583
Commodity price risk [member] | Fair value hedges [member] | Nondeliverable Forward One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Maturity  1st Qtr. 2022 
Quantity 20,196,000
Exercise rate 5.3666
Derivative instrument, Fair value | R$ R$ (4,335)
Proctection (Investment)  Cost in USD 
Commodity price risk [member] | Fair value hedges [member] | Nondeliverable Forward Two [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Maturity  2nd Qtr. 2022 
Quantity 36,924,000
Exercise rate 5.6119
Derivative instrument, Fair value | R$ R$ (4,575)
Proctection (Investment)  Cost in USD 
Commodity price risk [member] | Fair value hedges [member] | Nondeliverable Forward Three [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Maturity  3rd Qtr. 2022 
Quantity 7,386,000
Exercise rate 5.6278
Derivative instrument, Fair value | R$ R$ (1,387)
Proctection (Investment)  Cost in USD 
Currency risk [member] | Cash flow hedges [member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Derivative instrument, Fair value | R$ R$ (52,423)
Currency risk [member] | Cash flow hedges [member] | Nondeliverable Forward [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  USD Exports 
Maturity 4th Qtr. 2021
Exercise rate 5.3157
Derivative instrument, Fair value | R$ R$ (48,724)
[custom:HedgingInstrumentAssetsHedgedObject]  BRL 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  USD 
Currency risk [member] | Cash flow hedges [member] | Nondeliverable Forward One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  USD Exports 
Maturity 1st Qtr. 2022
Exercise rate 5.4348
Derivative instrument, Fair value | R$ R$ (8,220)
[custom:HedgingInstrumentAssetsHedgedObject]  BRL 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  USD 
Currency risk [member] | Cash flow hedges [member] | Nondeliverable Forward Two [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
Hedged object  USD Exports 
Maturity 2nd Qtr. 2022
Exercise rate 5.5782
Derivative instrument, Fair value | R$ R$ (365)
[custom:HedgingInstrumentAssetsHedgedObject]  BRL 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  USD 
Currency risk [member] | Fair value hedges [member] | Nondeliverable Forward [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
[custom:HedgingInstrumentAssetsHedgedObject]  BRL 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  USD 
Currency risk [member] | Fair value hedges [member] | Nondeliverable Forward One [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
[custom:HedgingInstrumentAssetsHedgedObject]  BRL 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  USD 
Currency risk [member] | Fair value hedges [member] | Nondeliverable Forward Two [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
[custom:HedgingInstrumentAssetsHedgedObject]  BRL 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  USD 
Currency risk [member] | Fair value hedges [member] | Nondeliverable Forward Three [Member]  
DisclosureOfFinancialInstrumentsAndRisksManagementLineItems [Line Items]  
[custom:HedgingInstrumentAssetsHedgedObject]  BRL 
[custom:HedgingInstrumentLiabilitiesProtectedRisk]  USD