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Large paper and pulp firm is considering selling its products to China priced in yuan

Suzano is the largest paper and pulp company in Latin America and is considering selling its products to China priced in yuan.Suzano Chief Executive Walter Schalka spoke in an interview with Bloomberg:smaller customers in China are requiring deals linked to the renminbi (China accounts for 43% of Suzano’s pulp sales)the greenback remains dominant, but the use of the renminbi in contracts is increasingSchalka said he believes the dollar will become less relevant, but acknowledged there had not ye... Read More

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Paper

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China

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Forex

Posted: May 10 2023, 03:34

Author Name: forexlive

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