RTRS-Slowing palm oil output growth, demand to lift prices-Mistry

KUALA LUMPUR, Nov 13 (Reuters) - Erratic weather that is slowing palm oil output growth and strong demand will lift benchmark Malaysian futures to 3,300 ringgit in January, top industry analyst Dorab Mistry said.

Mistry, who heads the trading desk for India's Godrej International, said he was sticking to an earlier forecast that palm oil would reach 4,000 ringgit by mid-2012 on the view the world will not plunge into a recession due to resilient growth in Asia.

Mistry's remarks were part of a speech that he was giving at the China Oils and Oilseed Conference in the southern city of Guangzhou on Sunday. Reuters obtained an advance copy of the speech.