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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.

The event, to be held on April 29th, will have a presentation by Rubens Hannun, vice-president of Foreign Trade of the Arab Chamber. Participation is open to member and guest companies.

Importers from the two Arab countries will attend the agricultural technology set to begin on April 27th in Ribeirão Preto, São Paulo. They will engage in matchmaking with machinery manufacturers.