Dalby grain trader Dalgrains has been placed in liquidation
Dalby grain trader Dalgrains has been placed in liquidation Daniel Burdon

Dalby grain trader placed in liquidation

THE exodus of grain traders has continued, with Queensland company Dalgrains (Qld) Pty Ltd being wound up by its owners.

Dalgrains is owned by Tobin and Stephanie Cherry, of Dalby, in Queensland.

The company has 120 shares, 40 of which are owned by Mr Cherry and the other 80 by the Cherrys' investment company Cherry Investments.

On Wednesday, Mr Cherry moved to wind up the grain trader, appointing Adam Ward, from Worrells Solvency and Forensic Accountants, as liquidator.

The majority share was originally owned by Dalby Rural Supplies from Dalgrains' inception in June 2012.

But on March 1 this year, its stake was sold to Cherry Investments.

Dalgrains was a member of Grain Trade Australia, listed as a Level C member trading under 250,000 tonnes of grain each year.

It is not clear why the company was wound up.

Dalgrains did lose $584,000 in the collapse late last year of Special One Grain Accumulator, a subsidiary of northern NSW grain trader Walgett Special One.

It follows the members' voluntary liquidation of another Queensland grain trader, All Commodities, in early March, and the collapse of Melbourne-based Lempriere Grain later that month.


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