Cotton prices across the country hit their highest level in the last nine years on Wednesday, the prices increased by Rs300 per maund.

In ready session, nearly 24,000 bales of cotton changed hands between Rs 8000-9600, Rates of seed cotton per 40kg in Sindh were at Rs 3600-4400 and in the Punjab prices were at Rs 3800-4600, In Balochistan, seed cotton prices were at Rs 4200-4800 Bussiness recorder reported.

The price of basic cotton increased to Rs9,400 per maund, whereas the price of premium cotton increased to Rs9,800 per maund.