I love myself a Salade Niçoise (French tuna salad), and had finally found a place in Bangalore that made it well. But last week they suddenly removed it from the menu.
Further investigations revealed that their hand was forced by the mysterious disappearance of canned tuna from the shelves. Apparently no supply has come in since June, and we've exhausted the inventory built up during the pandemic. Good thing canned tuna doesn't go bad.
What's behind the shortage of canned tuna in Bangalore? Blame the worldwide shipping container crisis.

Despite its 7500 km coastline and the availability of at least 9 species of tuna, India imports almost all its canned fish from Thailand. So no containers means no tuna.
But that's not all. Thailand is the largest exporter of canned tuna, but doesn't produce much itself. It imports raw tuna from other countries, processes it and ships it right back. So the Thais are hit with high shipping costs on both legs, which add up in a low-value commodity.
India, on the other hand, has virtually no domestic consumption of the fish. It exports raw and frozen tuna, but has no canning and processing industry. The value difference between canned and raw fish? A mere 3x.

A $2.7B industry in Thailand fetches India only $88M.
In summary, this tragi-comic confluence of factors - the lack of a food processing industry in India; the fact that Thailand imports and then exports most of its tuna; and the world's shipping containers being stuck at LA port - the salade niçoise has disappeared from BIC's menu.

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More from @banglani

24 Jun
When I was 18, I lost my entire month's income in 10 minutes of gambling. It was totally worth it. <story>
In 1996, I spent a year in France on a college exchange program. As a poor Indian student, I was entirely dependent on my scholarship: 1200 francs a month.
That relative poverty meant that I made most of my (modest) purchases at the Sunday weekly market. It was a tent-and-caravan affair at the edge of town, and my friend and I would cycle there every Sunday morning to buy fruit, chips, juice, CDs and old comics.
Read 24 tweets
14 Jun
Heard this incredible story from a senior PSU banker today:

Years ago, when he was a branch manager in Assam, he gave a loan to a farmer. The collateral was a bunch of goats.
The monsoon failed, the farmer defaulted and the banker went to collect the loan. As the borrower was unable to pay, he had to repossess the collateral. So the goats came back with him in his official car.
The rules said the security must be in physical custody of the bank upon repossession. So they tied up the goats outside the bank branch. The security guard became part-time goat caretaker.
Read 6 tweets
11 Jun
A less-obvious effect of the pandemic is on the emotional development of children. I hadn't fully realised how large a part social interaction plays in making us fully human. The past 15 months have brought this lesson home.
My wife made an interesting observation recently. The incoming class of 6th graders is much more "childish" than previous classes. In online classes they ask the teacher permission to go to the toilet in their own homes. They complain to the teacher if their pen leaks.
These kids last went to school in grade 4. The rules of social interaction for them, both with other children and with adults, are frozen in time. They behave like 4th graders still because they're not learning new rules from each other. So they look to the adults for direction.
Read 7 tweets
30 May
Can someone who knows economics help me understand this:

Why does the government need tax revenues? A sovereign can print as much money as it wants. It can simply announce in its annual budget that it will print so many rupees to spend in the next FY.
Sure, the value of money will come down proportionately (like share price when a company issues new shares), but that gets baked into the budget. This "dilution" ( inflation) reduces the purchasing power of the currency, and that acts as a constraint against printing too much
But a fiscally responsible government can balance its budget with "new money" and borrowings alone. It doesn't really *need* taxes of any kind.
Read 7 tweets
16 May
She fell in love with a VC but he had to exit
She fell in love with a cardiologist, but her heart wasn't in it
She fell in love with a Buddhist but there was no attachment
Read 5 tweets
13 May
Random memory:The only perfume I have ever owned was a gift from my co-brother. He's a wildlife conservator who spends half his time in the jungle,and has never worn perfume in his life. The fact that he thought I was this "corporate guy" who wears perfume to work is beyond funny
It is totally on brand for Twitter to focus on an obscure term describing a relation, rather than the essential and entirely hilarious fact that one guy who never wore perfume thought it's a good idea to gift a bottle to another guy who never wore perfume.
THE PLOT THICKENS Image
Read 4 tweets

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