COVID-19-ravaged economies must now endure the impacts of the second wave of the pandemic, which is set to wreak more havoc on people, economies and livelihoods in many parts of the world. Global food markets have so far exhibited a high degree of resilience, remaining on a healthy trend with firm demand and trade expanding. Yet to what extent and for how long demand for food commodities will hold up remain among the many uncertainties ahead. Indeed, a different situation is fast emerging in many national and sub-national contexts as employment disruptions are giving way to massive job losses, pushing millions of people into poverty and further deepening the world hunger crisis.