ABSTRACT. Spawning stock dynamics of 2 commercially important penaeid prawns, Metapenaeus bennettae and Penaeus esculentus, from 9 stations in Moreton Bay (27" 15'S, 153'15'E), southeast Queensland, Australia, were examined. An egg production index (EPI), based on the relative abundance, proportion that were mature or ripe, and s u e of adult females, was used as a measure of e g g production in the 2 populations. Egg production by M. bennettae was 20 to 30 higher than that by P esculentus, extended over 7 to 8 mo each year and peaked from February to March (late summer to early autumn). Monthly patterns in egg production by M. bennettaevaried between years. In contrast, P esculentiis produced most of its eggs in a single, clearly defined peak in Octobcr (spring), although production continued to March (early autumn) each year The seasonal onset and subsequent decline in maturation In P esculentus were r a p~d .Egg production by M. bennettae was several times higher at the 5 northern statlons than at the 4 southern stations and negatively correlated with salinity during the main spawning p e r~o d .Egg production by P esculentus was less varied among stations and positively correlated with depth. P esculentus appeared more likely than M. bennettae to experience recruitment overfishing because (1) the peak spawning period for F! esculentus was dependent on relatively few adult females spawning over a short period, and (2) the selectivity of trawl nets used in the bay was much higher for P esculentus spawners than for those of M. bennettae Compared with more northern populations, P esculentus in Moreton Bay matured a t a larger size, had lower inc~dences of insemination and mature or ripe females, and had a shorter spawning period. These results suggest the likelihood of recruitment overfishing in F! esculentus increases with increasing latitude.