| From Bloomberg: The Brazilian currency's 23 percent plunge against the dollar since August may wipe out the profits of at least six commodity exporters this quarter, including the nation's largest pulp and paper companies, UBS AG and Banco Santander SA analysts said.
Food producer Sadia SA, which posted a 760 million-real ($410 million) loss on currency bets last week, may report a $267 million net loss in the third quarter, Santander analysts said. Food companies Marfrig Frigorificos & Comercio de Alimentos SA, Minerva SA and Perdigao SA may also post losses because of the depreciation of the real, they said. Currency trades will probably erase profits this quarter at Aracruz Celulose SA and Votorantim Celulose e Papel SA, UBS said. .... Full Article: Source
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