Sales of Indonesian Octopus Is Slowing Down in the USA in W4

Over the years, the USA has been the primary market for frozen ball-packed Indonesian giant octopuses (Octopus sinensis & Octopus cyanea). Demand for Indonesian octopus from the USA has decreased in W4 since the end of 2022. Due to persistent slow sales and falling prices, several US importers are left with high octopus inventories. As the result, Indonesian suppliers are competing fiercely to give the best price offers to US buyers to secure sales. The majority of US buyers are still hesitant to accept fresh shipments of octopus and will either place intense pressure on prices or restrict purchases to the preferred big sizes of 2-4lb and 4-6lb and mix the octopus with other foods in a container.