Malaysian palm oil price reverses gains, falls for 3rd day

A worker checks a container with palm oil fruits collected at a plantation in Chisec, Guatemala December 19, 2018. - Reuters

KUALA LUMPUR: Malaysian palm oil futures reversed early gains to close lower on Friday, charting a third straight day of losses on weaker demand outlook.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,126 ringgit ($519.93) a tonne at the end of the trading day.