The findings from the nonlinear causality analysis imply that the recent surge in the agricultural commodity prices can be attributed the changes in the oil prices. The findings also provide some policy implications. First of all, the governments/policy makers should design the agricultural policies within the context of tendencies in energy markets and policies. Second, since the rising agricultural prices hits the poor, food subsidy programs should be implemented in the short-run and investments in agricultural sector should be increased in the long-run. Finally, the findings imply that global investors can predict the prices of the agricultural commodities by following the fluctuations in the oil prices.