Mosaic CEO: Keeping Up With Demand Will Be 'Challenging'

In a First on CNBC interview, Mosaic CEO James Prokopanko on Wednesday said his fertilizer company has a strong outlook for 2011.

"World supply is growing about inline with world demand. We have not seen any phosphate production facilities come online in the past couple years, other than some facilities in China.

"Beyond that, we haven't seen any expansions and it's not sure when these new facilities are going to come online," said Prokopanko. "World demand is growing at 2.5 [percent] a year. That's a 1.5 tons a year and new production is going to be challenged to keep up with that growing demand."

Prokopanko acknowledged that his Plymouth, Minn.-based company is often mentioned as a possible takeover target. He said the increased mergers and acquisitions activity is reflective of how attractive the agricultural chemicals space is right now.

Patty Edwards, chief investment officer at Trutina Financial, agreed. She feared she was a little late to the trade, but recently bought shares of Potash anyway because of growing demand for food production.

Joe Terranova, chief market strategist at Virtus Investment Partners, said the ag trade far from over and is also a buyer of Potash. Pete Najarian of optionMONSTER.com sided with Terranova.

After the broadcast we talked a little more with Mr. Prokopanko. Check out what he told us in this web exclusive video.

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Trader disclosure: On Jan. 5, 2011, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian owns (F) bonds; Pete Najarian owns (AXP); Pete Najarian owns (V) call spreads; Pete Najarian owns (HPQ) call spreads; Pete Najarian owns (YHOO); Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (MS); Pete Najarian owns (C); Pete Najarian owns (BAC) call spreads; Pete Najarian owns (DD) calls; Pete Najarian owns (AKAM) call spreads; Pete Najarian owns (TCK) call spreads; Pete Najarian owns (WLT) call spreads; Cortes owns (TSN); Cortes owns (EXC); Cortes is short (LVS); Cortes is short (MOS); Cortes is short (BCS); Cortes is short (XRT) vs. S&P; Cortes is short (XHB) vs. S&P; Cortes is short Gold; Cortes is short Corn; Terranova owns (GM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PEP); Terranova owns (OXY); Terranova owns (GS); Terranova owns (SLW) puts; Terranova owns (GLD) puts; Terranova is short (SLV) futures

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For Ed Mills
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CNBC.com with wires