QUITO, Jan 22 (Reuters) - Ecuador sees no benefit in OPEC slashing oil output again at its next meeting if world prices do not start to recover, Oil Minister Derlis Palacios said Wednesday.

Palacios said his country, which is a marginal producer of around 500,000 barrels per day, would lose money if it agrees to cut output again with prices at current levels.

He said prices will have to show signs of recovery to make it profitable for Ecuador to cut its own production again. (Reporting by Alonso Soto; editing by John Picinich)