Abidjan — Ivory Coast President Alassane Ouattara will propose to his counterpart in Ghana that the two neighbouring countries and world’s biggest cocoa producers narrow a gap in producer prices to discourage smuggling of beans, according to a person familiar with the matter. Ouattara would call Ghanaian President Nana Akufo-Addo on Thursday before Ivory Coast announced a new minimum price for cocoa purchases on October 1, said the person, who asked not to be identified because he was not authorised to speak about the matter. Ivory Coast is proposing payments of 750 CFA francs ($1.31) a kilogram for its farmers for the bigger of the two annual harvests that starts next month, compared with 1,100 francs for the previous main crop, said the person. Ghana has paid farmers the equivalent of $1,725/metric tonne since October last year, while Ivory Coast reduced the minimum price for producers to the equivalent of $1,223/ton in April. Ouattara held regular talks with his Ghanaian counterp...

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