It is possible to consider the production chain as a highly complicated system, within the framework of which different links and mutual relations function. Therefore it is necessary to analyze the complexity of the production chain functioning for the purpose of enhanced knowledge on the existence and the regularities functioning among different production elements. The contribution deals with an analysis of the price transmission in the production chain of cereals, within which only certain partial parts have been earmarked. Cointegration analysis, VECM and impulse-response analysis have been used for the price transmission analysis. Information mentioned in the paper resulted from the solution of a research intention VZ MSM 6046070906 „The Economics of resources of Czech agriculture and their efficient use in framework of multifunctional agrifood systems“.