As the world’s largest grain producer and consumer country,the introduction of early indica rice future stock aroused the attention from the whole society on China’s ability to become the world’s food pricing center and have the words power to decide the world’s grain price.Based on VAR model,variance decomposition,impulse response functions and other measurement methods,this paper studied the international linkage and influencing mechanism among the three most important rice futures markets in Zhengzhou futures market (CZCE) of China,Chicago Mercantile Exchange (CBOT) and the Agricultural Futures Exchange of Thailand (AFET).The results showed that the three markets are closely related and the price in CBOT followed that in CZCE.In addition,the total variance of the world’s rice futures market from CZCE is 39.43%,while it is 26.58% from CBOT and it is 33.99% from AFET.Because of the existing market power and position,China should strive to gain the right to price and get the words power in international rice market through perfecting domestic market and futures markets.