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1. On which date is World Cotton Day observed annually to recognize the importance of cotton as a global commodity?
World Cotton Day is observed annually on October 7 to raise awareness about the significance of cotton as a vital global commodity and to highlight the challenges faced by cotton farmers and the cotton industry. The day brings attention to the socio-economic importance of cotton production, especially for developing countries. India, as the second-largest cotton producer after China, plays a crucial role in this global industry. The celebration also emphasizes the need for sustainable cotton farming practices.