Speaking of late night snacks, it’s World Chocolate Day, which would normally be a cause for celebration for those who consider the velvety goodness a major food group. But in not-so-sweet news, choccy lovers are set to fork out even more for their favourite treats, with the price of cocoa surging to its highest level in 7 years. That’s because of production shortfalls due to extreme weather and crop disease in key growing regions including West Africa, as well as relentless demand. And the squeeze is set to continue with El Niño expected to bring dry conditions later this year. All of that’s not likely to deter any chocoholics we know – despite cost of living pressures, research from Cadbury found 75% of Aussies will make room in the budget for snacks, particularly chocolate. It’s all about priorities…