
It is unclear how much the Murray Bridge grain business is indebted to farmers at this stage, however the Weekly Times reports that Sapphire was owed $366,000 with the collapse of One World Grain in late 2012, in addition to $206,000 from Convector Grain, a Laverton based grain packer last year.
Sapphire was owned and operated by Brenton Strauss, a highly experienced grain trader, with offices in Moama NSW and Toowoomba Queensland, as well as Murray Bridge in South Australia.
Anthony Matthews & Associates has been appointed as the external administrator.