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Since the year 2000, Loro Piana has awarded a prize for the world’s finest bale of wool, which produces just enough fabric for 50 suits. The cup is awarded to an Australian or New Zealand woolgrower who produces the year’s finest bale. In 2008, Loro Piana paid a record 48,000 cents per kilo for a bale 12.5 micron Merino wool produced by Peter and Greg Munsie and Phil and Judy Fittler of Uralla, New South Wales.

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