The Food Price Index of the FAO (United Nations Food and Agriculture Organization) reached 236 (Standard index is 100 which was fixed in 2002 - 2004) on April 4th, 2011. It is the highest rate since the FAO has started monitoring the index in 1990. It means general food prices have doubled based on standard time measurements. According to the statistics of the Korea Rural Economic Institute and the Chicago Board of Trade, prices of major cereals like corn and soybeans have also jumped 1.5 times between August, 2010 and February, 2011. This surge in cereal prices has been caused by the imbalance between suppliers and consumers. The United States, Australia, and Russia, which are the breadbaskets of the world, have been damaged by abnormal weather in 2010 - 2011. On the other hand, India and China's demand for grain has jumped sharply. Soaring prices place burdens on ordinary people’s budgets, and delay the recovery of the world economy.