Grain, oil prices linked

As global agricultural product prices are expected to keep climbing in the short term, transparent competition mechanisms and technological development are key to ensuring China's agricultural commodity security, said Gregory R. Page, CEO and president of Cargill Inc, a globally leading provider of food, agricultural and risk management products and services.

A major trend in agricultural production pricing is a strengthening of the link between production prices and global energy prices, Page said.

"The linkages are becoming more sensitive," he added.