By Isis Almeida Bloomberg News June 28, 2012 Arabica coffee prices will be higher in nine months to a year because of low stockpiles, spurring investors who are expecting lower prices to reverse those bets, according to INTL FCStone Ltd. Hedge funds and other money managers were net short, or betting on lower prices, by 12,105 futures and options as of June 19, Commodity Futures Trading Commission data show. Arabica coffee prices have dropped 28 percent this year because of record production in Brazil, the world’s largest grower. Stockpiles by Sept. 30 will be 24.1 million bags, the lowest since Sept. 30. 2001, U.S. Department of Agriculture data show. “It looks to us at this point that the short position will be covered,” Stephen Pollard, a senior vice president at INTL FCStone (Europe) Ltd., said at a conference in Geneva today. “We are really struggling to see where the sales are going to come from, who is going to sell to the funds when they start buying.” I...