Guangdong Authority of Commodity Price will launch an emergency plan to prevent the over speed rise of food price from August 1. The foods included in the plan are mainly rice and flour.

The plan include measures to control the profit of food processing and to set ceiling price for food wholesale and retail when the province is short of food supply. The province sill improve its management of food storage so as to better its control of food price.

Source reveals, launching this new plan does not means that the food price will have a wave of rise recently. The food prices for the first 6 month of this year are only 0.2 percent higher than that of last year.

Editor: Donald