Market Watch: Rio's Feira da Glória

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The Praça da Bandeira, an area of Rio that until recent years was mostly known for prostitution and cheap inner-city housing, is rapidly changing. Lying in the shadow of the massive Maracanã Stadium – built for the 1950 World Cup and the planned location of the opening ceremony of the 2016 Summer Olympics – it is alive with new construction and pedestrian traffic, which are changing the tired face of this historical but underappreciated neighborhood. And sitting snugly in the midst of this new buzz is Aconchego Carioca, a restaurant and bar with one of the best beer menus in Rio.

The 2014 edition of Brazil’s Comida di Buteco competition is underway! The month-long competition pits botequins against each other. These small, family-run bars serve traditional food and are the center of Brazilian popular gastronomy.

Although there are plenty of bars on Copacabana’s famous Avenida Atlântica – or even at the beach, at the so called quiosques – very few are worth a visit. Many are just tourist traps. Others are much too expensive. No, the really good bars in Copacabana are inland, along Barata Ribeiro street. That road, along with some of the side streets that let onto it, reveals the true face of Copacabana's popular gastronomy. One of the first bars you encounter on Barata Ribeiro is Galeto Sat's. Open seven days a week, always until 5 a.m., the bar is a bohemian temple – but it’s far from being only that. For many cariocas, Sat's serves the best galeto in town. A galeto is a very young chicken (no more than three months old) cooked over a big coal-fired grill.

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