KUALA LUMPUR: Malaysian palm oil futures reversed gains on late on Wednesday in its first decline after three consecutive sessions of gains, weighed down by a weaker export outlook and profit taking.

Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange fell 0.7 per cent to 2,675 ringgit ($647) a tonne at the end of the trading day.

It had risen on tighter supplies and tracking stronger rival oils, climbing to an intraday high of 2,728 ringgit, its strongest levels since April 21.

Traded volumes stood at 47,013 lots of 25 tonnes each, above the 2015 average of 44,600.-Reuters