Markets & Commodities

African Grain Prices Stay High as Trump–Putin Talks End Without Breakthrough

By Business Day AfricaAugust 18th, 2025
President Trump. Image: courtesy.

African nations facing surging food costs were left without immediate relief after talks between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday ended with no agreement to reopen Black Sea grain corridors.

The collapse of those routes since Russia’s 2022 invasion of Ukraine has strangled supplies of wheat, maize and sunflower oil, leaving import-reliant economies across North Africa and the Horn of Africa battling shortages and inflation.

Kenya has been hit by soaring prices for animal feed and staples, while Egypt and Ethiopia remain vulnerable to deeper food insecurity.

Nearly half of African countries depend on Russia and Ukraine for a significant share of their wheat imports, and the Black Sea remains the fastest and cheapest pathway for those shipments.

Analysts said Friday’s stalemate means high costs are likely to persist in the near term.

Trump had pressed for a ceasefire in Ukraine and guarantees of safe passage for commercial vessels but left Alaska without extracting concessions from Moscow.

Putin offered no shift on territory already under Russian control, leaving Kyiv and Washington still far apart on the conditions for a settlement.

Diplomats described the encounter as a symbolic step in reviving dialogue on a war now in its fourth year, though far short of the breakthrough African capitals had sought.

The European Union has urged the United States to avoid any deal that recognises Russian annexations, while Ukraine has refused to cede land as the price of peace.

The failure to restore the UN-backed grain export deal that collapsed in 2023 has reignited pressure on global food markets, with African governments forced to divert scarce foreign currency reserves to secure supplies from alternative exporters.

While the Alaska summit underscored the difficulty of bridging divides, African officials said the willingness of Trump and Putin to meet at all could be a step toward a longer-term process that may eventually reopen the flow of grain.

gandae@businessdayafrica.org