By Dayanne Sousa*
Suzano SA, the world's biggest maker of hardwood pulp, is considering selling its output to China in yuan, confirming that the US dollar's dominance in commodities markets is fading.
China's currency is becoming increasingly relevant, and the country's smaller customers are asking for renminbi (CNY) linked deals, said Suzano CEO Walter Schalka, interviewed from Bloomberg headquarters in New York.
The Chinese are the main raw material customers, accounting for 43% of Suzano's pulp.
Although the greenback continues to prevail, the use of the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here