A. He chewed it and noted its quality and its good taste.
B. There was no stringiness in it and he knew that it would bring the highest price in the market.
C. But there was no way to keep it from going bad.
D. It was firm and juicy, like meat, but it was not red.
E. He leaned over the side and pulled loose a piece of the meat of the fish.

'E' is the starting statement as it talks about the piece of meat around which the discussion is.

'A' will follow 'E' as it talks about the next action after picking up the meat.

'D' will follow 'A' as it mentions the attributes of the meat which can be observed after chewing mentioned in 'A'.

'B' furthers the discussion in 'D'.

Finally, 'C' will end the discussion by talking about the meat going bad. [Thus, changing the subject from the look and feel of the meat to its state]

Thus, the required sequence is E-A-D-B-C.

Hence, the answer is option C.