The Taiwan Government announced its “risk management program” on August 8, 2005. Until then, most government agencies were still at the explorative stage. However, the Fair Trade Commission (FTC) had already applied a similar concept in its actions to deal with a hike in the price of spring onions beginning in July 2005. The FTC initiated a precaution mechanism as a first-moment response when the wholesale price of spring onions reached an unreasonably high level. Then it released news concerning various actions taken on several occasions to express its determination to conduct an investigation. However, the FTC has noted that the interests of both suppliers (farmers) and consumers should be considered at the same time, and would be reluctant to interfere with the market mechanism, including the price volatility during the period both before and after a special festival. This case study shows that the FTC could follow the general risk management process to deal with price risk. In addition, it actively releases news to the public, which conveys the precautionary function to both the suppliers and the consumers. The FTC unusually sends an official appointee (or political official) to a local market to express its determination. Furthermore, the FTC aroused the attention of the justice department and collaborated with it to find illegal suspects, and brought suits against them. To sum up, the risk management practice in the FTC is a sound example, which might have some implications for other government agencies.