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Foreign sales of wood panels also increased in Q1 but paper shipments dropped 3.5%. Revenue from sales of the three products stood at US$ 1.8 billion.

As per the company’s newly released results, graft-related losses under probe by federal police reached US$ 2 billion based on today’s real-to-dollar exchange rate. Asset write-downs reached R$ 16.7 billion.

The organization will have an institutional stand at the International Agriculture Show in Morocco (Siam), from April 28th to May 3rd. The goal is to canvas the local beef and agricultural machinery markets.