India bans sugar exports till Sept 2026, hikes gold/silver duty to 15% — twin blow to retail
New Delhi halted sugar exports immediately through Sept 30, 2026 amid a second deficit season under El Niño risk, while jacking gold and silver import duty to 15% from 6%. Jewelry chains (Tanishq, Kalyan, Reliance Retail) face margin and festive demand pressure; FMCG sugar buyers brace for input cost spikes.
India halts sugar exports till Sept 2026 amid deficit fears, and hikes gold/silver import duty to 15% from 6%. Twin moves hit jewelry retailers (Tanishq, Kalyan), FMCG sugar buyers, and festive-season demand planning across Indian retail.