The invention relates to white latex for preventing termites and a method of preparing the same. The white latex for preventing termite is mixture composed of slow acting termite control components, specific insect control agent, favorable basis materials by termite, sweet taste agent, chlorthalonil and modified white latex, wherein the slow acting termite control components are sodium molybdate or sodium molybdate and sodium tungstate, specific insect control agent or Sulfluramid or Hexaflumuron or mixtures thereof. A method of manufacturing white latex for preventing termites comprises the steps that: the slow acting termite control components, sweet taste agent, chlorthalonil are dry mixed together in fixed quantity, then mixed with specific insect control agent, added to the water to prepare aqueous solution, which is evenly sprinkled in the pulverized favorable basis materials by termite, after being dried, added to modified white latex for evenly mixing. The white latex for preventing termites has advantages of better extermination effect and infectivity, no repellency, long lasting limit, and good environmental protection, particularly used for termite control in the building construction and indoor furniture.