Grain trader in receivership owes A$7.5m to Australian suppliers
Canadian grain trader Marina Commodities was placed into receivership. The company owes about A$7.5 million to Australian suppliers and businesses.
Why it mattersAustralian grain suppliers and exporters face possible losses from hundreds of thousands to millions of dollars. This threatens cash flow for regional farming and agricultural export businesses.
AustraliaMultiple Australian grain suppliers, processors and exporters have unsecured debts with the collapsed trader, with the largest exposure concentrated among NSW and Queensland agricultural businesses and freight providers.
✓ Claims checked against the source and corrected before publish. checked 1 h ago
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