June 28 (Bloomberg) -- Ivory Coast may reduce export taxes on cocoa beans to boost the income of farmers as part of a planned reform of the cocoa industry, Nord-Sud reported, citing Agriculture Minister Mamadou Sangafowa Coulibaly.

Under the plans, farmers will receive at least 50 percent of the price paid at export, the Abidjan-based newspaper said, citing Coulibaly.

The Ivory Coast’s government plans to set up a task force to restructure the cocoa industry following talks with the World Bank, Coulibaly said, according to Nord-Sud.

To contact the reporter on this story: Pauline Bax in Johannesburg at pbax@bloomberg.net

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net