01 Sep

Australia:Qld triples olive leaf extract exports to Korea

A Queensland company has found global success exporting unique olive leaf products to Korea’s burgeoning natural medicine and equine industries.

Coominya-based company Olive Leaf Australia has tripled its already significant health supplement exports to Korea in the last 12 months.

The company’s Olive Leaf Extract is predominantly for use by natural medicine practitioners and their patients, but is also becoming popular as an ingredient in tonics for Korean racehorses.

Qld Minister for Trade John Mickel said that Olive Leaf Australia, with assistance from Trade Queensland, the Government’s export agency, formed an alliance with a Korean pharmaceutical company in 2006.

This alliance has resulted in unprecedented export sales to the market.

“Following human clinical studies of the product in Seoul, thoroughbred racing industry leaders in Korea have adopted the Queensland olive leaf product as a supplement for a growing number of top race horses,” Mr Mickel said.

“Olive Leaf Australia has developed its fresh olive leaf extraction process over 10 years.

“It’s based on extensive research into the olive tree’s healing properties and the company is now reaping the benefits of their efforts,” Mr Mickel said.

“Olive Leaf Australia’s unique EnvirOléa® olive leaf extract has a wide variety of uses including natural supplements and complementary medicines for human and veterinary use, and as an active ingredient in cosmetics, body care products, functional foods and beverages.”

Olive Leaf Australia was a winner of the Agribusiness and Emerging Exporter Awards in the Ipswich Regional section of the Premier of Queensland’s Export Awards in 2006.

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