Breaking News-RTRS-RPT-UPDATE 1-INTERVIEW-Mistry:Palm output growth to slow in 2010

NUSA DUA, Indonesia Dec 2 (Reuters) - Indonesia and Malaysia, the world's largest palm oil producers, may experience slower output growth next year due to the resurgent El Nino weather condition, a top industry analyst said on Wednesday.
Drier weather from El Nino may hit yields, leading to tight palm oil supplies just as U.S. and South American soyoil from a record soy harvest enter markets from May, said Dorab Mistry, head of vegetable oils trading with Godrej International.
"El Nino is still very much a factor. We should watch out for the likely change in the weather from mid-December onwards," Mistry told Reuters on the sidelines of the three-day meeting -- Indonesian Palm Oil Conference and Price Outlook 2010 -- on Indonesia's resort island of Bali.